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MARKETS LIVE BLOG:

NASDAQ SLIPS AFTER RECORD AS INVESTORS AWAIT NVIDIA EARNINGS

Gain in the AI chipmaker's stock price helped lift the tech-heavy index to a record high on Monday

ArcBest First Quarter 2024 Earnings: EPS Misses Expectations

editorial-team@simplywallst.com (Simply Wall St)
·1 min read

ArcBest (NASDAQ:ARCB) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.04b (down 6.3% from 1Q 2023).

  • Net loss: US$2.91m (down by 116% from US$18.8m profit in 1Q 2023).

  • US$0.12 loss per share (down from US$0.78 profit in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

ArcBest EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Transportation industry in the US.

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Performance of the American Transportation industry.

The company's shares are down 24% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for ArcBest that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.