ArcBest Stock (NASDAQ:ARCB), Trade Ideas

ArcBest

ArcBest Corp is engaged in logistics operations. The company operates in two operating segments, The Asset-Based segment includes the results of operations of ABF Freight System, Inc. and certain other subsidiaries. The segment operations include national, inter-regional, and regional transportation of general commodities through standard, expedited, and guaranteed LTL services. The services including freight transportation related to managed transportation solutions and other services. The Asset-Light segment includes the results of operations of the Company's service offerings in truckload, ground expedite, dedicated, intermodal, household goods moving, managed transportation, warehousing and distribution, and international freight transportation for air, ocean, and ground.

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ArcBest Corp

Arcblock

B of A Securities analyst Ken Hoexter maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Underperform and raises the price target from $141 to $143.

Price Target

Analyst Ratings

B of A Securities Maintains Underperform on ArcBest, Raises Price Target to $143

Goldman Sachs analyst Jordan Alliger maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Neutral and raises the price target from $133 to $149.

Goldman Sachs Maintains Neutral on ArcBest, Raises Price Target to $149

JP Morgan analyst Brian Ossenbeck maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Overweight and lowers the price target from $168 to $164.

JP Morgan Maintains Overweight on ArcBest, Lowers Price Target to $164

JP Morgan analyst Brian Ossenbeck initiates coverage on ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Overweight rating and announces Price Target of $168.

Initiation

JP Morgan Initiates Coverage On ArcBest with Overweight Rating, Announces Price Target of $168

Stephens &amp; Co. analyst Jack Atkins maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Overweight and raises the price target from $165 to $205.

Stephens & Co. Maintains Overweight on ArcBest, Raises Price Target to $205

&nbsp;During 2023, ArcBest settled repurchases of 930,754 shares of common stock for an aggregate cost of&nbsp;$91.5 million&nbsp;and paid dividends to shareholders totaling&nbsp;$11.5 million.
In addition, on February 5, 2024, ArcBest&#39;s board of directors increased the total amount available under the company&#39;s common stock repurchase program to&nbsp;$125 million.

Buybacks

ArcBest's Board Increased The Share Repurchase Program Authorization To $125M

ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) reported quarterly adjusted earnings of $2.47 per share which beat the analyst consensus estimate of $2.21 by 11.76 percent. This is a 0.82 percent increase over earnings of $2.45 per share from the same period last year. The company reported quarterly sales of $1.09 billion which missed the analyst consensus estimate of $1.09 billion by 0.09 percent. This is a 12.46 percent decrease over sales of $1.24 billion the same period last year.

Earnings

ArcBest Q4 Adj. EPS $2.47 Beats $2.21 Estimate, Sales $1.09B Miss $1.09B Estimate

Deutsche Bank analyst Ben Mohr initiates coverage on ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Buy rating and announces Price Target of $148.

Deutsche Bank Initiates Coverage On ArcBest with Buy Rating, Announces Price Target of $148

Stifel analyst J. Bruce Chan maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Buy and raises the price target from $136 to $153.

Stifel Maintains Buy on ArcBest, Raises Price Target to $153

UBS analyst Thomas Wadewitz maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Neutral and raises the price target from $110 to $119.

UBS Maintains Neutral on ArcBest, Raises Price Target to $119

WIIM

ArcBest shares are trading higher after Morgan Stanley and Stifel analysts raised their price targets on the stock.

Stifel analyst J. Bruce Chan maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Buy and raises the price target from $132 to $136.

Stifel Maintains Buy on ArcBest, Raises Price Target to $136

Morgan Stanley analyst Ravi Shanker maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Overweight and raises the price target from $135 to $145.

Morgan Stanley Maintains Overweight on ArcBest, Raises Price Target to $145

ArcBest shares are trading higher after the company reported mixed Q3 financial results.

ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) reported quarterly adjusted earnings of $2.31 per share which beat the analyst consensus estimate of $1.50 by 54 percent. This is a 39.05 percent decrease over earnings of $3.79 per share from the same period last year. The company reported quarterly sales of $1.13 billion which missed the analyst consensus estimate of $1.13 billion by 0.18 percent. This is a 11.60 percent decrease over sales of $1.28 billion the same period last year.

ArcBest Q3 Adj. EPS $2.31 Beats $1.50 Estimate, Sales $1.13B Miss $1.13B Estimate

ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) is set to give its latest quarterly earnings report on Friday, 2023-10-27. Here's what investors need to know before the announcement.
Analysts estimate that ArcBest will report an earnings per share (EPS) of $1.50. 
ArcBest bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company missed EPS by $0.51, which was followed by a 0.0% drop in the share price the next day.
Here's a look at ArcBest's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>2.05</td>
<td>1.80</td>
<td>2.53</td>
<td>3.75</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.54</td>
<td>1.58</td>
<td>2.45</td>
<td>3.80</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.49%</td>
<td>5.01%</td>
<td>-3.83%</td>
<td>-8.97%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1698332474_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of ArcBest were trading at $89.7 as of October 25. Over the last 52-week period, shares are up 14.27%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/ARCB/earnings">To track all earnings releases for ArcBest visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For ArcBest

B of A Securities analyst Ken Hoexter maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Underperform and lowers the price target from $110 to $108.

B of A Securities Maintains Underperform on ArcBest, Lowers Price Target to $108

Analysts have provided the following ratings for ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) within the last quarter: 
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the last 3 months, 8 analysts have offered 12-month price targets for ArcBest. The company has an average price target of $128.12 with a high of $137.00 and a low of $110.00. 
Below is a summary of how these 8 analysts rated ArcBest over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock
<img src="https://www.benzinga.com/files/images/story/2023/1696442421_0.png" alt="price target chart" />
This average price target has increased by 6.89% over the past month.
<a href="https://www.benzinga.com/quote/ARCB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on ArcBest analyst ratings.</a>
<h1>How Are Analyst Ratings Determined?</h1>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where ArcBest Stands With Analysts

Citigroup analyst Christian Wetherbee maintains ArcBest (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) with a Buy and lowers the price target from $137 to $130.

Citigroup Maintains Buy on ArcBest, Lowers Price Target to $130

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Benzinga's Top Ratings Upgrades, Downgrades For September 18, 2023

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ArcBest Corp (ARCB) leads the Trucking industry with an overall score of 72. ARCB is up 38.33% so far this year after the company closed yesterday at $129.19.  The overall score measures the company's performance based-off both short and long term indicators and means that ARCB scores better than 72% of the overall market.

ArcBest Corp (ARCB) Is the Top Stock in the Trucking Industry?

ArcBest Corp (ARCB) leads the Trucking industry with an overall score of 71. ARCB is up 42.92% so far this year after the company closed yesterday at $125.23.  The overall score measures the company's performance based-off both short and long term indicators and means that ARCB scores better than 71% of the overall market.

Should ArcBest Corp (ARCB) Stock Be in Your Portfolio?

ArcBest to utilize Nvidia technology in autonomous forklifts and robotics

ArcBest Corp (ARCB) is the highest overall rated company in the Trucking industry with an overall score of 73. ARCB is up 55.35% so far this year after the company closed yesterday at $142.08.  The overall score measures the company's performance based-off both short and long term indicators and means that ARCB scores bett

Trucking stocks hit the brakes as earnings worries mount

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Press Releases

ArcBest Announces Its Third Quarter 2023 Earnings Conference Call

ArcBest Declares a $0.12/Share Quarterly Dividend

ArcBest Announces Third Quarter 2023 Results

ArcBest Named a 2024 FreightTech 25 Most Innovative Company

ArcBest Announces Its Fourth Quarter 2023 Earnings Conference Call

ArcBest Announces Fourth Quarter and Full Year 2023 Results

ArcBest Launches Vaux Smart Autonomy™ to Unlock Supply Chain Efficiencies

ArcBest Helps Bridge the Gap Between Robotics and Logistics Using NVIDIA Technology