Freight Delivery Company ArcBest (NASDAQ:ARCB) will be reporting earnings tomorrow morning. Here’s what you need to know.

ArcBest beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $1.08 billion, down 2.3% year on year. It was a mixed quarter for the company, with a miss of analysts’ EBITDA estimates.

Is ArcBest a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting ArcBest’s revenue to decline 5.5% year on year to $1.07 billion, improving from the 11.6% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.85 per share.

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 8 downward revisions over the last 30 days (we track 9 analysts). ArcBest has missed Wall Street’s revenue estimates four times over the last two years.

Looking at ArcBest’s peers in the ground transportation segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Heartland Express’s revenues decreased 11.9% year on year, missing analysts’ expectations by 3.2%, and XPO reported revenues up 3.7%, topping estimates by 1.8%. Heartland Express traded down 2.9% following the results.

Read our full analysis of Heartland Express’s results here and XPO’s results here.

Investors in the ground transportation segment have had steady hands going into earnings, with share prices flat over the last month. ArcBest is up 4.9% during the same time and is heading into earnings with an average analyst price target of $122.75 (compared to the current share price of $106.86).

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.