ArcBest Q3 2024 Adj EPS $1.64 Misses $1.83 Estimate, Sales $1.06B Miss $1.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
ArcBest reported Q3 2024 earnings of $1.64 per share, missing the consensus estimate of $1.83 and showing a 29% decrease from last year. Sales were $1.06 billion, slightly below the $1.07 billion estimate and down 5.76% from the previous year.
November 01, 2024 | 10:01 am
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NEGATIVE IMPACT
ArcBest's Q3 2024 earnings and sales both missed analyst estimates, with EPS down 29% year-over-year and sales down 5.76%.
ArcBest's earnings per share and sales both missed analyst expectations, which is likely to negatively impact the stock price in the short term. The significant year-over-year decrease in EPS and sales further supports a negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100