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ArcBest (ARCB) Reports Q1 Earnings: What Key Metrics Have to Say

Zacks Equity Research
·2-min read

For the quarter ended March 2024, ArcBest (ARCB) reported revenue of $1.04 billion, down 6.3% over the same period last year. EPS came in at $1.34, compared to $1.58 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.03 billion, representing a surprise of +0.97%. The company delivered an EPS surprise of -12.99%, with the consensus EPS estimate being $1.54.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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Here is how ArcBest performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Asset-Light - Operating Ratio (Non-GAAP): 101.2% compared to the 100.2% average estimate based on two analysts.

  • Asset-Based - Operating Ratio (Non-GAAP): 92% versus 91.8% estimated by two analysts on average.

  • Revenues- Asset-Based: $671.47 million versus the four-analyst average estimate of $660.94 million. The reported number represents a year-over-year change of -3.8%.

  • Revenues- Asset-Light: $396.36 million versus $392.26 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -9.5% change.

  • Revenues- Other and eliminations: -$31.41 million versus the three-analyst average estimate of -$30.61 million. The reported number represents a year-over-year change of +5.4%.

  • Operating income Non-GAAP- Other and eliminations: -$6.07 million versus -$6 million estimated by two analysts on average.

  • Operating income Non-GAAP- Asset-Based: $53.46 million versus the two-analyst average estimate of $56.41 million.

View all Key Company Metrics for ArcBest here>>>

Shares of ArcBest have returned -8.9% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Zacks Investment Research