Company Participants Operator Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Q2 2024 Earnings Conference Call July 24, 2024 10:00 AM ET Conference Call Participants Good morning, and welcome to the Old Dominion Freight Line Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded. Jack Atkins Without limiting th ...

Operating revenues of $14.98 billion missed the Zacks Consensus Estimate of $15.13 billion. The top line increased 5.7% year over year attributed to upbeat air-travel demand. This was driven by a 5.2% rise in passenger revenues (which accounted for 91.2% of the top line) to $13.68 billion. Almost 44,375 passengers traveled on UAL flights in the second quarter, up 5.8% year over year. Performances of Some Other Transportation Companies in Q2 Delta Air Lines (DAL) has reported second-quarter 2024 earnings (ex ...

The reported revenue represents a surprise of -0.04% over the Zacks Consensus Estimate of $1.5 billion. With the consensus EPS estimate being $1.45, the EPS surprise was +2.07%. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Operating Ratio: 71.9% versus 72% estimated by six analysts on average. LTL tonnage per day: 36.56 Kton/D ver ...

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Ahead of this earnings release, the estimate revisions trend for Old Dominion: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the ...

Exhibit 99.1 Contact: Adam N. Satterfield Executive Vice President and Chief Financial Officer (336) 822-5721 THOMASVILLE, N.C. (July 24, 2024) – Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month and six-month periods ended June 30, 2024. | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------|---------------|-------|-----------|----------|-------|---------------|-------|------------ ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Old Dominion Freight Line (ODFL) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion ...

What Our Model Says Q1 Highlights Here are a few stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these have the right combination of elements to beat their second-quarter 2024 earnings. The Zacks Consensus Estimate for CPA's second-quarter 2024 earnings has been revised downward by 14.9% in the past 60 days to $2.98 per share. CPA has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the preceding four q ...

Bearish Industry Rank: The industry to which ODFL belongs currently has a Zacks Industry Rank of 210 (out of 250). Such an unfavorable rank places it in the bottom 16% of Zacks Industries.Studies show that 50% of a stock price movement is directly related to the performance of the industry group it belongs to. A mediocre stock within a strong group is likely to outclass a robust stock in a weak industry. Therefore, reckoning the industry's performance becomes imperative. The company has an encouraging track ...

Eastern Virginia Medical School (EVMS); Ellmer College of Health Sciences; Ellmer School of Nursing; EVMS School of Health Professions; and the proposed Joint School of Public Health (awaiting approval by the State Council of Higher Education for Virginia and the Council on Education for Public Health), a partnership with Norfolk State University. In a letter to campus, President Hemphill wrote, "As we have successfully secured all required approvals, most notably from the Commonwealth of Virginia and the S ...

While stock splits are often celebrated, since they tend to come on the heels of large increases in a company's stock price, it's important to remember that stock splits don't meaningfully alter the fundamentals of a stock investment. By increasing the number of shares, the stock price is reduced in the same ratio, and all of a company's per-share performance metrics are also reduced. A shareholder is no better, or worse, off after a stock split than just prior to the transaction. In the case of Old Dominio ...