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MARKETS LIVE BLOG:

S&P 500 UP FOR 4TH DAY; DISNEY SINKS 9% AFTER EARNINGS

Fed's Kashkari: Interest rates will stay high for 'extended period', can't rule out a hike

Why ArcBest (ARCB) Stock Might be a Great Pick

Zacks Equity Research
·2 min read

One stock that might be an intriguing choice for investors right now is ArcBest Corporation ARCB. This is because this security in the Transportation - Truck space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in Transportation - Truck space as it currently has a Zacks Industry Rank of 17 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, ArcBest is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

ArcBest Corporation Price and Consensus

ArcBest Corporation Price and Consensus
ArcBest Corporation Price and Consensus

ArcBest Corporation price-consensus-chart | ArcBest Corporation Quote

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In fact, over the past 30 days, current quarter estimates have moved from $1.78 per share to $2.19 per share, while current year estimates have moved from $7.21 per share to $7.67 per share. This has helped ArcBest to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider ArcBest. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.


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To read this article on Zacks.com click here.

Zacks Investment Research