ArcBest Q2 2024 Adj. EPS $1.98 Misses $2.06 Estimate, Sales $1.077B Beat $1.056B Estimate
Portfolio Pulse from Benzinga Newsdesk
ArcBest (NASDAQ:ARCB) reported Q2 2024 earnings per share (EPS) of $1.98, missing the analyst estimate of $2.06 by 3.88%. However, sales of $1.077 billion beat the estimate of $1.056 billion. EPS increased by 28.57% year-over-year, while sales decreased by 2.36%.
August 02, 2024 | 10:01 am
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ArcBest's Q2 2024 EPS of $1.98 missed analyst estimates by 3.88%, but sales of $1.077 billion beat expectations. EPS increased by 28.57% year-over-year, while sales decreased by 2.36%.
The mixed results, with EPS missing estimates but sales beating expectations, create a neutral short-term outlook. The significant year-over-year EPS growth is positive, but the decline in sales is a concern.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100