
ArcBest (ARCB) Stock Forecast & Price Target
ArcBest (ARCB) Analyst Ratings
Bulls say
ArcBest Corp's revenue per hundredweight estimate for the third quarter of 2024 shows a positive increase of 6.3%, indicating a strong outlook for the company's financial performance. The company has successfully diversified its operations, with asset-light operations now contributing approximately half of total revenue, bolstered by the acquisition of Molo Solutions, which is projected to add around $600 million in annual revenue. Furthermore, despite ongoing challenges in the market, pricing and growth opportunities in the logistics sector, coupled with a clean balance sheet and cash generation, position ArcBest favorably compared to its peers in both the LTL and brokerage segments.
Bears say
ArcBest Corp is experiencing continued difficulties in its logistics operations, highlighted by persistently weak truckload (TL) pricing and disappointing tonnage growth, which have adversely impacted both top-line revenue and profit margins across its segments. The company's operating ratio (OR) is projected to remain flat compared to previous quarters, indicating challenges in improving efficiency due to declining freight mix and increased union wage pressures. Additionally, the reported earnings per share (EPS) for 2Q24 fell short of both internal and market expectations, underscoring unfavorable trends within the company's less-than-truckload (LTL) business and signaling ongoing profitability challenges amid tougher market conditions.
This aggregate rating is based on analysts' research of ArcBest and is not a guaranteed prediction by Public.com or investment advice.
ArcBest (ARCB) Analyst Forecast & Price Prediction
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