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Arkansas Best Corporation (NASDAQ:ABFS) will unveil its latest earnings tomorrow, Wednesday, January 30, 2013. Arkansas Best is a holding company that, through its subsidiaries, is engaged in motor carrier transportation operations.
Arkansas Best Corporation Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 2 cents per share, a swing from profit of 8 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from 12 cents. Between one and three months ago, the average estimate moved down. It also has dropped from one cent during the last month. For the year, analysts are projecting net loss of 31 cents per share, a spike from net income of 26 cents last year.
Past Earnings Performance: Last quarter, the company fell short of estimates by 2 cents, coming in at profit of 24 cents per share against a mean estimate of net income of 25 cents. The company topped expectations in the second quarter.
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A Look Back: In the third quarter, profit fell 46.9% to $6.5 million (24 cents a share) from $12.3 million (46 cents a share) the year earlier, missing analyst expectations. Revenue rose 13% to $577.5 million from $510.9 million.
Here’s how Arkansas Best Corp traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:
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