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Increased Earnings Estimates Seen for Arkansas Best Corp (ABFS): Can It Move Higher?

Zacks Equity Research

Arkansas Best Corporation (ABFS), a freight transportation services and solutions provider, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ABFS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Arkansas Best Corporation could be a solid choice for investors.

Current Quarter Estimates for ABFS

In the past two months, 10 estimates have gone higher for Arkansas Best Corporation while none moved lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 19 cents a share 60 days ago, to 32 cents today, a move of 68.4%.

Current Year Estimates for ABFS

Meanwhile, Arkansas Best Corporation’s current year figures are also looking quite promising, with 8 estimates moving higher in the past two months, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 29 cents per share 60 days ago to 49 cents per share today, an increase of 69.0%.

Bottom Line

The stock has also started to move higher lately, adding 6.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

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ARKANSAS BEST CP (ABFS): Free Stock Analysis Report

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