Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2021, it owned and operated 10,403 tractors, 27,917 linehaul trailers, and 13,303 pickup and delivery trailers; 3 fleet maintenance centers; and 251 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.
For this month, the cycle/relative strength concept is applied. First, the S&P 500 stocks are ranked from the best performer to the worst by calculating the expected return in that month.
Old Dominion Freight Line is a compelling choice for both dividend and growth investors due to its impressive track record of organic growth and efficient operations. The company has a resilient growth strategy, consistently expanding its market share despite intense industry competition. ODFL's strong financials, including a healthy balance sheet and robust free cash flow generation, support its ability to navigate economic challenges and pursue strategic growth.
Old Dominion Freight Line hit its numbers for sales and earnings this morning -- but investors are still upset. Analysts have been forecasting 20%-plus growth rates for the company, but this quarter Old Dominion grew earnings just 4%.
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.
Every portfolio needs a solid foundation of high-quality stocks that can provide steady returns through all market environments. While I often discuss more speculative growth and penny stock plays in my articles that some view as high-risk, high-reward bets, the core of your portfolio should revolve around a select few tried-and-true companies.
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.
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.