This story originally appeared on Zacks
ArcBest (ARCB) closed the most recent trading day at $104.24, moving -1.74% from the previous trading session. This change lagged the S&P 500’s daily loss of 0.75%. Meanwhile, the Dow lost 0.3%, and the Nasdaq, a tech-heavy index, lost 0.23%.
Prior to today’s trading, shares of the freight transportation and logistics company had lost 4% over the past month. This has lagged the Transportation sector’s loss of 3.62% and the S&P 500’s loss of 0.13% in that time.
ArcBest will be looking to display strength as it nears its next earnings release. On that day, ArcBest is projected to report earnings of $2.19 per share, which would represent year-over-year growth of 125.77%. Our most recent consensus estimate is calling for quarterly revenue of $1.09 billion, up 33.34% from the year-ago period.
Looking at the full…