ArcBest Corporation (NASDAQ:ARCB) is set to announce third quarter earning results on Tuesday 3rd November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, ARCB to report 3Q20 income of $ 0.79 per share.
For the full year, analysts anticipate top line of $ 2842.54 million, while looking forward to income of $ 2.43 per share bottom line.
Previous Quarter Performance
ArcBest Corporation communicated income for the second quarter of $ 0.67 per share, from the revenue of $ 627.37 million. The quarterly earnings 27.96 percent while revenues dropped 18.68 percent compared with the same quarter last year. The top line results fell short of analysts by $ 15.17 million or 2.36 percent.
Stock Performance
Shares of ArcBest Corporation traded up $ 0.93 or 3.05 percent on Monday, reaching $ 31.45 with volume of 118.50 thousand shares. ArcBest Corporation has traded high as $ 31.46 and has cracked $ 30.35 on the downward trend
The closing price of $ 31.45, representing a 125.41 % increase from the 52 week low of $ 13.54 and a 15.57 % decrease over the 52 week high of $ 36.15.
The company has a market capital of $ 800.24 million and is part of the Industrials sector and Trucking industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 27.00 target price.
Conference Call
ArcBest Corporation will be hosting a conference call at 9:30 AM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.arcb.com
ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services.
