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Although the revenue and EPS for Old Dominion (ODFL) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Old Dominion (ODFL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.
Old Dominion and other truckers are falling today following an earnings miss from J.B. Hunt. Hunt, who is considered a good operator, was hit with soft demand and rising costs in the quarter.
Revenues are likely to have been weak at Old Dominion (ODFL) in Q1 due to the downturn with respect to freight demand.
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.
THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its first quarter 2024 financial results before opening of trading on Wednesday, April 24, 2024. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, April 24, 2024. An online, real-time webcast of Old Dominion's quarterly conference call will be available at ir.odfl.com on Wednesday, April 24,.
High capex is likely to weigh on Old Dominion's (ODFL) bottom line.
Old Dominion's (ODFL) revenue per day improved 1.2% year over year in February 2024, owing to an increase in LTL revenue per hundredweight.
Old Dominion's February stats continued to reflect demand softness. The company is doing what it can to manage through a weak environment, but its upside is limited until its customers start shipping more goods.
Old Dominion's upcoming 7th stock split in 21 years is evidence of it being a winner that keeps winning. It is the largest pure-play investment in its trucking niche, and its moat continues to grow.