Old Dominion Freight Line (ODFL) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.47 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Old Dominion (ODFL), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Old Dominion (ODFL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ODFL's fourth-quarter 2024 top line is expected to have suffered from the freight market downturn and economic uncertainties.
Price action is typically the first sign of the market's sentiment toward a stock, industry, or group of stocks, which means that breakout stocks or ones that have seen favorable price action lately are bound to keep doing well just as long as the initial reason for a breakout is sustainable and rooted in strong fundamental themes. Today, this is the case for a list of transportation stocks, particularly in the trucking industry.
There are many views in the market today regarding the new potential tariffs being planned by the newly elected United States administration. Economists collectively agree that these tariffs will lead to a new wave of inflation in the economy, as the price of everyday goods will increase significantly.
The combination of economic uncertainty, weak demand and cost escalation affect ODFL's investment prospects.
Old Dominion (ODFL) reported earnings 30 days ago. What's next for the stock?
Donald Trump's decisive victory in the presidential race is causing a dramatic response in the stock market as investors sort out the election winners and losers.
Old Dominion Freight Line is a cut above its competitors in LTL trucking, with 99% on-time delivery, 0.1% loss ratio and winning best national carrier 15 times in a row. This superiority is borne out in the financials with superior margins and ROIC, and a strong balance sheet. With plenty of room to grow and a successful culture powering constant improvement, the company has a bright future, notwithstanding normal cyclicality.
Old Dominion Freight Line, Inc. (NASDAQ:ODFL ) Q3 2024 Earnings Conference Call October 23, 2024 10:00 AM ET Company Participants Jack Atkins - Director of Investor Relations Kevin Freeman - President and Chief Executive Officer Adam Satterfield - Executive Vice President and Chief Financial Officer Conference Call Participants Eric Morgan - Barclays Jason Seidl - TD Cowen Daniel Imbro - Stephens Inc. Scott Group - Wolfe Research Jordan Alliger - Goldman Sachs Jonathan Chappell - Evercore ISI Ken Hoexter - Bank of America Ravi Shanker - Morgan Stanley Chris Wetherbee - Wells Fargo Brian Ossenbeck - JPMorgan Ariel Rosa - Citigroup Stephanie Moore - Jefferies Bascome Majors - Susquehanna Thomas Wadewitz - UBS Bruce Chan - Stifel Jeffrey Kauffman - Vertical Research Partners Operator Good day and welcome to the Old Dominion Freight Line Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
ODFL's revenues decline 3% year over year for the third quarter of 2024.