ArcBest (ARCB) Reports Q4: Everything You Need To Know Ahead Of Earnings

Freight Delivery Company ArcBest (NASDAQ:ARCB) will be reporting earnings this Friday morning. Here’s what to expect.

ArcBest met analysts’ revenue expectations last quarter, reporting revenues of $1.05 billion, down 1.4% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ adjusted operating income estimates.

Is ArcBest a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting ArcBest’s revenue to decline 3.4% year on year to $967.7 million, improving from the 8.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.42 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. ArcBest has missed Wall Street’s revenue estimates three times over the last two years.

Looking at ArcBest’s peers in the transportation and logistics segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Knight-Swift Transportation posted flat year-on-year revenue, missing analysts’ expectations by 2.4%, and Landstar reported a revenue decline of 2.9%, falling short of estimates by 1.4%. Knight-Swift Transportation traded up 2.6% following the results.

Read our full analysis of Knight-Swift Transportation’s results here and Landstar’s results here.

There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 9.1% on average over the last month. ArcBest is up 13.9% during the same time and is heading into earnings with an average analyst price target of $90.75 (compared to the current share price of $86.02).

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