Freight Delivery Company ArcBest (NASDAQ:ARCB) will be announcing earnings results tomorrow before market open. Here’s what to expect.

ArcBest missed analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $1.06 billion, down 5.8% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ EPS 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 8.3% year on year to $999.1 million, a further deceleration from the 6.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.05 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. ArcBest has missed Wall Street’s revenue estimates five times over the last two years.

Looking at ArcBest’s peers in the ground transportation segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Knight-Swift Transportation’s revenues decreased 3.5% year on year, missing analysts’ expectations by 1.2%, and Landstar reported flat revenue, topping estimates by 1.1%. Knight-Swift Transportation traded up 4.7% following the results.

Read our full analysis of Knight-Swift Transportation’s results here and Landstar’s results here.

There has been positive sentiment among investors in the ground transportation segment, with share prices up 3.9% on average over the last month. ArcBest is up 5.9% during the same time and is heading into earnings with an average analyst price target of $119.17 (compared to the current share price of $97.39).

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