We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Old Dominion Freight Line (ODFL) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
Old Dominion Freight Line (ODFL - Free Report) closed the most recent trading day at $318.31, moving -1.89% from the previous trading session. This change lagged the S&P 500's 0.79% loss on the day. Meanwhile, the Dow lost 0.53%, and the Nasdaq, a tech-heavy index, lost 0.46%.
Prior to today's trading, shares of the trucking company had lost 0.98% over the past month. This has lagged the Transportation sector's loss of 0.78% and was narrower than the S&P 500's loss of 2.43% in that time.
Old Dominion Freight Line will be looking to display strength as it nears its next earnings release. On that day, Old Dominion Freight Line is projected to report earnings of $2.31 per share, which would represent year-over-year growth of 35.88%. Meanwhile, our latest consensus estimate is calling for revenue of $1.42 billion, up 25.89% from the prior-year quarter.
ODFL's full-year Zacks Consensus Estimates are calling for earnings of $10.78 per share and revenue of $6.16 billion. These results would represent year-over-year changes of +21.26% and +17.28%, respectively.
Investors should also note any recent changes to analyst estimates for Old Dominion Freight Line. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.12% higher. Old Dominion Freight Line is currently a Zacks Rank #3 (Hold).
Digging into valuation, Old Dominion Freight Line currently has a Forward P/E ratio of 30.09. Its industry sports an average Forward P/E of 14.57, so we one might conclude that Old Dominion Freight Line is trading at a premium comparatively.
Also, we should mention that ODFL has a PEG ratio of 1.25. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Transportation - Truck industry currently had an average PEG ratio of 1.03 as of yesterday's close.
The Transportation - Truck industry is part of the Transportation sector. This group has a Zacks Industry Rank of 23, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ODFL in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Old Dominion Freight Line (ODFL) Dips More Than Broader Markets: What You Should Know
Old Dominion Freight Line (ODFL - Free Report) closed the most recent trading day at $318.31, moving -1.89% from the previous trading session. This change lagged the S&P 500's 0.79% loss on the day. Meanwhile, the Dow lost 0.53%, and the Nasdaq, a tech-heavy index, lost 0.46%.
Prior to today's trading, shares of the trucking company had lost 0.98% over the past month. This has lagged the Transportation sector's loss of 0.78% and was narrower than the S&P 500's loss of 2.43% in that time.
Old Dominion Freight Line will be looking to display strength as it nears its next earnings release. On that day, Old Dominion Freight Line is projected to report earnings of $2.31 per share, which would represent year-over-year growth of 35.88%. Meanwhile, our latest consensus estimate is calling for revenue of $1.42 billion, up 25.89% from the prior-year quarter.
ODFL's full-year Zacks Consensus Estimates are calling for earnings of $10.78 per share and revenue of $6.16 billion. These results would represent year-over-year changes of +21.26% and +17.28%, respectively.
Investors should also note any recent changes to analyst estimates for Old Dominion Freight Line. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.12% higher. Old Dominion Freight Line is currently a Zacks Rank #3 (Hold).
Digging into valuation, Old Dominion Freight Line currently has a Forward P/E ratio of 30.09. Its industry sports an average Forward P/E of 14.57, so we one might conclude that Old Dominion Freight Line is trading at a premium comparatively.
Also, we should mention that ODFL has a PEG ratio of 1.25. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Transportation - Truck industry currently had an average PEG ratio of 1.03 as of yesterday's close.
The Transportation - Truck industry is part of the Transportation sector. This group has a Zacks Industry Rank of 23, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ODFL in the coming trading sessions, be sure to utilize Zacks.com.