• ArcBest Corp ARCB.OQ reported quarterly adjusted earnings of 51 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $1.34. The mean expectation of thirteen analysts for the quarter was for earnings of 51 cents per share. Wall Street expected results to range from 42 cents to 61 cents per share.

• Revenue fell 6.7% to $967.08 million from a year ago; analysts expected $985.85 million.

• ArcBest Corp's reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $3.13 million.

• ArcBest Corp shares had fallen by 16.3% this quarter and lost 36.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 37.4% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the ground freight & logistics peer group is also "buy"

• Wall Street's median 12-month price target for ArcBest Corp is $95.00

This summary was machine generated from LSEG data April 29 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)