Arkansas Best Corp Third Quarter Earnings Sneak Peek

Arkansas Best Corp (NASDAQ:ABFS) will unveil its latest earnings on Friday, October 28, 2011. Arkansas Best is a holding company that, 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 33 cents per share, a swing from a loss of 3 cents in the year earlier quarter. During the past three months, the average estimate has moved up from 25 cents. Between one and three months ago, the average estimate moved up. It has risen from 32 cents during the last month. Analysts are projecting net income of 25 cents per share versus net loss of $1.30 last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the second quarter, the company reported profit of 20 cents per share versus a mean estimate of net income of 5 cents per share. In the first quarter, the company missed estimates by 30 cents.

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Wall St. Revenue Expectations: On average, analysts predict $501.1 million in revenue this quarter, a rise of 12.5% from the year ago quarter. Analysts are forecasting total revenue of $1.91 billion for the year, a rise of 15.1% 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, two rate it as a sell and eight rate it as a hold.

A Look Back: In the second quarter, the company swung to a profit of $5.3 million (20 cents a share) from a loss of $7.4 million (30 cents) a year earlier, beating analyst estimates. Revenue rose 21.2% to $498.6 million from $411.3 million.

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 18.1%, with the biggest boost coming in the most recent quarter when revenue rose 21.2% from the year earlier quarter.

Arkansas Best’s profit last quarter followed losses in the three previous quarters. The company reported a loss of $12.8 million in the first quarter, a loss of $3.1 million in the fourth of the last fiscal year and a loss of $749,000 in the third quarter of the last fiscal year.

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 July 29, 2011 to October 24, 2011, the stock price had fallen $4.72 (-19.6%) from $24.03 to $19.31. The stock price saw one of its best stretches over the last year between June 22, 2011 and July 1, 2011 when shares rose for eight-straight days, rising 9.3% (+$2.09) over that span. It saw one of its worst periods between April 4, 2011 and April 12, 2011 when shares fell for seven-straight days, falling 4.7% (-$1.23) over that span. Shares are down $8.01 (-29.3%) year to date.

(Source: Xignite Financials)

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