ArcBest (ARCB) stock declines as the market gains: what you need to know
ArcBest (ARCB) closed on the most recent trading day at $ 94.67, or -0.39% from the previous trading session. This change was smaller than the S&P 500’s 0.28% gain on the day. Elsewhere, the Dow Jones gained 0.11%, while the tech-rich Nasdaq added 0.14%.
As of today, shares of the freight and logistics company had lost 8.83% over the past month. At the same time, the transportation sector gained 0.32%, while the S&P 500 gained 0.12%.
ArcBest will look to show strength as its next earnings release nears, which is scheduled for February 1, 2022. The company is expected to post EPS of $ 2.21, up 127.84% from the quarter of the previous year. Our most recent consensus estimate projects quarterly revenue of $ 1.09 billion, up 33.34% from the previous year.
Any recent changes to analysts’ estimates for ArcBest should also be noted by investors. These revisions generally reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Based on our research, we believe these estimate revisions are directly related to stock movements close to the team. Investors can take advantage of this by using the Zacks Ranking. This model takes into account these changes in estimate and provides a simple and workable scoring system.
The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive history of externally audited outperformance, with # 1 stocks generating an average annual return of + 25% since 1988. Over last month, the Zacks Consensus EPS estimate rose 1.03%. ArcBest is currently a Zacks Rank # 2 (Buy).
Digging into the valuation, ArcBest currently has a forward P / E ratio of 10.4. This valuation marks a discount compared to the average forward P / E of its sector of 14.69.
It should also be noted that ARCB currently has a PEG ratio of 0.23. This metric is used similarly to the famous P / E ratio, but the PEG ratio also takes into account the expected growth rate of the stock’s earnings. The Transportation Industry – Truck currently had an average PEG ratio of 1.06 at yesterday’s close.
The Transport – Truck industry is part of the Transport sector. This industry currently has a Zacks Industry Rank of 26, which places it in the top 11% of all 250+ industries.
Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock market metrics and more on Zacks.com.
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