Why Old Dominion Freight Line Stock Crashed on Wednesday [Yahoo! Finance]
Old Dominion Freight Line, Inc. (ODFL)
Last old dominion freight line, inc. earnings: 4/23 07:00 am
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odfl.com/financials
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Source: Yahoo! Finance
Heading into the quarter, analysts had forecast Old Dominion would earn $1.34 per share on sales of $1.47 billion. As it turned out, earnings were $1.34, and revenue only just missed expectations at $1.46 billion. So are investors overreacting here? Old Dominion Freight Line's Q1 earnings report Not necessarily, no. You see, expectations for Old Dominion Freight Lines have been running pretty hot, with most analysts agreeing the company will grow earnings at about 23% annually over the next five years. It's this expectation that the stodgy shipping stock will turn out to actually be a growth stock that explains why Old Dominion has been outperforming the S&P 500 lately, driving its stock price up to nearly 40 times earnings today, up 44% over the last 52 weeks. But here's the thing: Old Dominion didn't grow anywhere near 23% in Q1. Despite mostly meeting expectations, its earnings growth was actually closer to 4%, and its sales growth was barely 1%. CEO Marty Freeman called the
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ODFL
News
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) was upgraded by analysts at Vertical Research from a "sell" rating to a "hold" rating. They now have a $175.00 price target on the stock.MarketBeat
- Why I have hated this earnings season — and you might too [Yahoo! Finance]Yahoo! Finance
- Old Dominion Freight Line First Quarter 2024 Earnings: In Line With Expectations [Yahoo! Finance]Yahoo! Finance
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) had its price target lowered by analysts at TD Cowen from $209.00 to $206.00. They now have a "hold" rating on the stock.MarketBeat
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) had its price target lowered by analysts at Barclays PLC from $210.00 to $205.00. They now have an "equal weight" rating on the stock.MarketBeat
ODFL
Earnings
- 4/24/24 - Beat
ODFL
Sec Filings
- 5/2/24 - Form 4
- 4/24/24 - Form 8-K
- 4/22/24 - Form PX14A6G
- ODFL's page on the SEC website