ArcBest has earned a Zacks Rank #1 (Strong Buy) after analysts significantly raised earnings estimates for the freight transportation and logistics company. The Zacks Consensus Estimate for the current quarter rose 8.96% over the last 30 days to $2.18 per share, a 60.3% increase from the year-ago period. For the full year, the consensus estimate climbed 8.68% to $6.38 per share, representing a 72.4% year-over-year jump. The stock has already gained 9.1% over the past four weeks, and the improving earnings outlook suggests further upside may remain.
ArcBest CorpAnalysts raised earnings estimates, leading to a Zacks Rank #1 (Strong Buy) and consensus estimate increases of 8.96% for the quarter and 8.68% for the year.