Old Dominion Freight Line (ODFL) came out with quarterly earnings of $1.43 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this trucking company would post earnings of $1.45 per share when it actually produced earnings of $1.48, delivering a surprise of 2.07%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Old Dominio ...

Exhibit 99.1 Contact: Adam N. Satterfield Executive Vice President and Chief Financial Officer (336) 822-5721 OLD DOMINION FREIGHT LINE REPORTS THIRD QUARTER 2024 EARNINGS PER DILUTED SHARE OF $1.43 THOMASVILLE, N.C. (October 23, 2024) – Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month and nine-month periods ended September 30, 2024. All prior-period share and per share data in this release have been adjusted to reflect the Company's March 2024 two-for-one ...

Analysts on Wall Street project that Old Dominion Freight Line (ODFL) will announce quarterly earnings of $1.44 per share in its forthcoming report, representing a decline of 7.1% year over year. Revenues are projected to reach $1.52 billion, increasing 0.6% from the same quarter last year. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 3.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections dur ...

Old Dominion Freight Line (ODFL) is scheduled to report third-quarter 2024 results on Oct. 23 before market open. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. ODFL has an encouraging earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average beat is 3.1%. The Zacks Consensus Estimate for third-quarter 2024 earnings has been revised 2.7% downward in the past 60 days. The estimate is currently pegged at $1.44 per share ...

Old Dominion Freight Line (ODFL) is suffering from a downturn due to freight demand. Escalated operating expenses are putting a strain on ODFL's financial stability, making it an unattractive choice for investors' portfolios. Let's delve deeper. ODFL Stock: Risks to Watch Southward Earnings Estimate Revision:The Zacks Consensus Estimate for current-quarter earnings has been revised 2% downward in the past 60 days. For the current year, the consensus mark for earnings has moved 1.9% south in the same time fr ...

Core Viewpoint - Old Dominion Freight Line (ODFL) has experienced a decline in stock performance, down 8.2% over the past six months, underperforming compared to both its industry and the S&P 500 index [1] Freight Market Conditions - The company is facing challenges due to a downturn in the freight market, characterized by reduced demand for freight services, leading to low shipment volumes and rates [2] - Segmental revenues for ODFL declined by 6% year-over-year in 2023, contributing to a deterioration in the operating ratio to 71.8% from 71.2% in 2022, despite cost-cutting efforts [3] Capital Expenditures - ODFL's capital expenditures have been rising significantly, with amounts of $225.1 million in 2020, $550.1 million in 2021, $775.1 million in 2022, and $757.3 million in 2023. For 2024, the company anticipates approximately $750 million in capital expenditures [4] - The planned capital expenditures include $350 million for real estate and service center expansion, $325 million for tractors and trailers, and $75 million for information technology and other assets [4] Labor Market Challenges - The trucking industry is grappling with a persistent driver shortage, with an estimated shortfall of 160,000 drivers expected in the U.S. by 2030, which poses a significant challenge for ODFL [6] Economic Factors - High inflation continues to negatively impact consumer sentiment and growth expectations, with rising labor and material costs affecting the profitability of trucking companies like ODFL [7] Earnings Estimates and Valuation - There have been unfavorable revisions in earnings estimates for ODFL, indicating a decline in broker confidence [8] - ODFL is trading at a premium valuation compared to its industry peers, with a high forward price-to-earnings ratio that raises concerns about whether the current valuation is justified given the deceleration in revenue growth [8][9] Investment Outlook - Given the multiple headwinds faced by ODFL, the stock is currently viewed as an unimpressive investment option, with significant doubts about the easing of challenges in the near term [10]

Norfolk, Va., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Old Dominion University hosted an opening celebration, including a ribbon cutting, for the Ellmer College of Health Sciences' new home located at 1019 W. 41st Street on Aug. 29. The recently completed 128,257-square-foot building, which began development in 2016, is home to two public-facing clinics, the Faschini Wallach Center for Restorative Therapies and the Sofia & David Konikoff Dental Hygiene Care Facility, and houses six of the University's health scie ...

A month has gone by since the last earnings report for Old Dominion Freight Line (ODFL) . Shares have lost about 2.3% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Old Dominion due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Earnings Beat at Old Dominion in Q ...

Old Domain Freight Line's (ODFL) financial stability is challenged by escalated operating expenses. Elevated labor costs are further putting a strain on the company's bottom line. Economic weakness, too, does not bode well for the company, thereby making it an unattractive choice for investors' portfolios. Let's delve deeper. Southward Earnings Estimate Revision: The Zacks Consensus Estimate for current-quarter earnings has been revised 9.8% downward in the past 60 days. For the current year, the consensus ...

Core Viewpoint - Old Dominion Freight Line (ODFL) has demonstrated strong financial performance and operational efficiency, positioning itself well for future growth despite economic headwinds in the freight industry [4][29][48]. Financial Performance - ODFL reported revenue of $1.5 billion for the second quarter, reflecting a 6.1% increase from the previous year, driven by a 4.4% rise in revenue per hundredweight and a 1.9% increase in LTL tons per day [4][49]. - The operating ratio improved by 40 basis points to 71.9%, contributing to an 11.3% increase in earnings per diluted share [5][49]. - The company has maintained a healthy balance sheet, ending the second quarter with $74 million in cash and only $40 million in long-term debt [38][49]. Growth Strategy - ODFL has focused on operational efficiencies and quality revenue growth, managing direct variable costs effectively [7][49]. - The company has engaged in aggressive stock buybacks, repurchasing $552 million worth of stock in the second quarter, which is 1.3% of its total market cap [9][49]. - Over the past decade, ODFL has invested more than $2 billion in its service center network, enhancing its infrastructure to support future growth [36][39]. Market Position - ODFL has grown its market share from 3% to 12% between 2002 and 2023, achieving an annual revenue growth rate of 11.8% [22][49]. - The company operates in the less-than-truckload (LTL) segment, which allows it to leverage pricing power due to superior service and efficiency [30][49]. Economic Outlook - Despite challenges in cyclical sectors like manufacturing, ODFL has shown strong pricing power and improving volumes, indicating resilience in its business model [29][41]. - The company believes it has roughly 30% excess capacity, positioning it well to meet increasing demand as the economic environment improves [52].