ArcBest Q3 Adj. EPS $2.31 Beats $1.50 Estimate, Sales $1.13B Miss $1.13B Estimate
Portfolio Pulse from Benzinga Newsdesk
ArcBest (NASDAQ:ARCB) reported Q3 adjusted earnings of $2.31 per share, beating the analyst consensus estimate of $1.50 by 54%. However, this is a 39.05% decrease from the same period last year. The company's quarterly sales of $1.13 billion missed the analyst consensus estimate by 0.18%, marking an 11.60% decrease from the same period last year.
October 27, 2023 | 10:04 am
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NEUTRAL IMPACT
ArcBest's Q3 earnings exceeded estimates but are down YoY. Sales missed estimates and are also down YoY.
ArcBest's earnings beat estimates, which could have a positive impact on the stock. However, the YoY decrease in earnings and sales, as well as the missed sales estimate, could offset this positive impact, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100