Traders are at all times on the lookout for shares which can be poised to beat at earnings season a
Traders are at all times on the lookout for shares which can be poised to beat at earnings season and ArcBest Company ARCB could also be one such firm. The agency has earnings developing fairly quickly, and occasions are shaping up fairly properly for his or her report.
That’s as a result of ArcBest Company is seeing favorable earnings estimate revision exercise as of late, which is mostly a precursor to an earnings beat. In any case, analysts elevating estimates proper earlier than earnings — with essentially the most up-to-date data attainable — is a reasonably good indicator of some favorable tendencies beneath the floor for ARCB on this report.
The truth is, the Most Correct Estimate for the present quarter is presently at 81 cents per share for ARCB, in comparison with a broader Zacks Consensus Estimate of 77 cents per share. This means that analysts have very just lately bumped up their estimates for ARCB, giving the inventory a Zacks Earnings ESP of +5.20% heading into earnings season.
ArcBest Company Value and EPS Shock
ArcBest Company price-eps-surprise | ArcBest Company Quote
Why is that this Necessary?
A optimistic studying for the Zacks Earnings ESP has confirmed to be very highly effective in producing each optimistic surprises, and outperforming the market. Our current 10-year backtest reveals that shares which have a optimistic Earnings ESP and a Zacks Rank #3 (Maintain) or higher present a optimistic shock practically 70% of the time, and have returned over 28% on common in annual returns (see extra High Earnings ESP shares right here).
Provided that ARCB has a Zacks Rank #1 (Sturdy Purchase) and an ESP in optimistic territory, buyers would possibly need to take into account this inventory forward of earnings. You possibly can see the whole checklist of in the present day’s Zacks #1 Rank shares right here.
Clearly, current earnings estimate revisions counsel that good issues are forward for ArcBest Company, and {that a} beat could be within the playing cards for the upcoming report.
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Final yr, it generated $24 billion in international revenues. By 2020, it is predicted to blast by means of the roof to $77.6 billion. Famed investor Mark Cuban says it should produce “the world’s first trillionaires,” however that ought to nonetheless depart loads of cash for normal buyers who make the fitting trades early.
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ArcBest Company (ARCB): Free Inventory Evaluation Report
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