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 ...

Trucking company Old Dominion Freight Line (ODFL -2.98%) is seeing an uptick in activity, but not quite at the levels that investors had hoped. Old Dominion and other truckers have been moving in the wrong direction of late. The company's shares are down 25% from their 2024 highs due to soft demand. Shipping customers are worried about the health of the U.S. economy and are trimming inventories as a result. Is Old Dominion stock a buy? Old Dominion historically has been among the industry's top performers, ...

Old Dominion's revenue per day improved 5.6% year over year in May 2024 due to an increase in LTL revenue per hundredweight, which was partially offset by a 1.5% rise in LTL tons per day. The uplift in LTL tons per day was due to a 0.7% decrease in LTL weight per shipment, which was partially offset by a 2.3% increase in LTL shipments per day. Quarter to date, Old Dominion's LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, jumped 4.2% and 4.7%, year over year, resp ...

ODFL currently carries a Zacks Rank #3 (Hold). Old Dominion has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 2.81%. On the flip side, high capital expenditures might hurt ODFL's bottom line. For 2024, ODFL anticipates its total capital expenditures to be approximately $750 million. Of the total, $350 million is expected to be invested in real estate and service center expansion p ...