Arkansas Best Corp Second Quarter Earnings Sneak Peek

Arkansas Best Corp (NASDAQ:ABFS) will unveil its latest earnings on Monday, July 18, 2011. Arkansas Best Corporation is a holding company through its subsidiaries is engaged in motor carrier transportation operations.

Arkansas Best Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of one cent per share, a swing from net loss of 30 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 17 cents. Between one and three months ago, the average estimate moved down, but has risen from a loss of 4 cents during the last month.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting a loss of 51 cents per share against an estimate of net loss of 21 cents per share. The quarter before that, it missed expectations by 3 cents.

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Wall St. Revenue Expectations: On average, analysts predict $484 million in revenue this quarter, a rise of 17.7% from the year ago quarter. Analysts are forecasting total revenue of $1.92 billion for the year, a rise of 15.7% from last year’s revenue of $1.66 billion.

Analyst Ratings: Analysts are bullish on Arkansas Best as six analysts rate it as a buy, three rate it as a sell and seven rate it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 16.2%, with the biggest boost coming in the most recent quarter when revenue rose 20.9% from the year earlier quarter.

Competitors to Watch: YRC Worldwide Inc. (NASDAQ:YRCW), Saia Inc. (NASDAQ:SAIA), Con-way Inc. (NYSE:CNW), J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT), Roadrunner Transportation Services Hold. (NYSE:RRTS), Old Dominion Freight Line (NASDAQ:ODFL), USA Truck, Inc. (NASDAQ:USAK) and Celadon Group, Inc. (NYSE:CGI).

Stock Price Performance: During June 13, 2011 to July 12, 2011, the stock price had risen $4.66 (21.6%) from $21.60 to $26.26. The stock price saw one of its best stretches over the last year between April 4, 2011, and April 12, 2011, when shares rose for seven-straight days, rising 5% (+$1.24) over that span. Shares have been on a negative streak of late, closing down every day between July 11, 2011 and July 12, 2011. Shares are down $1.09 (-4%) year to date.

(Source: Xignite Financials)

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