For the quarter ended December 2023, Old Dominion Freight Line (ODFL - Free Report) reported revenue of $1.5 billion, up 0.3% over the same period last year. EPS came in at $2.94, compared to $2.92 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.5 billion, representing a surprise of -0.58%. The company delivered an EPS surprise of +2.80%, with the consensus EPS estimate being $2.86.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Old Dominion performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Ratio: 71.8% versus 72.1% estimated by five analysts on average.
- LTL tonnage per day: 37.42 Kton/D versus the two-analyst average estimate of 38.21 Kton/D.
- LTL shipments per day: 49.52 thousand versus the two-analyst average estimate of 49.17 thousand.
- LTL revenue per hundredweight: $32.23 compared to the $32.21 average estimate based on two analysts.
- LTL revenue per hundredweight, excluding fuel surcharges: $26.50 compared to the $26.50 average estimate based on two analysts.
- Work days: 61 Days versus the two-analyst average estimate of 61 Days.
- LTL weight per shipment (lbs.): 1,511 lbs versus the two-analyst average estimate of 1,513.93 lbs.
- LTL shipments: 3,021 versus the two-analyst average estimate of 2,999.
- LTL tons: 2,283 KTon versus 2,270.37 KTon estimated by two analysts on average.
- Total revenue- Other services: $14.06 million versus the two-analyst average estimate of $18.71 million.
- Total revenue- LTL services: $1.48 billion versus the two-analyst average estimate of $1.47 billion.
View all Key Company Metrics for Old Dominion here>>>Shares of Old Dominion have returned -0.5% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended December 2023, Old Dominion Freight Line (ODFL - Free Report) reported revenue of $1.5 billion, up 0.3% over the same period last year. EPS came in at $2.94, compared to $2.92 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.5 billion, representing a surprise of -0.58%. The company delivered an EPS surprise of +2.80%, with the consensus EPS estimate being $2.86.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Old Dominion performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Ratio: 71.8% versus 72.1% estimated by five analysts on average.
- LTL tonnage per day: 37.42 Kton/D versus the two-analyst average estimate of 38.21 Kton/D.
- LTL shipments per day: 49.52 thousand versus the two-analyst average estimate of 49.17 thousand.
- LTL revenue per hundredweight: $32.23 compared to the $32.21 average estimate based on two analysts.
- LTL revenue per hundredweight, excluding fuel surcharges: $26.50 compared to the $26.50 average estimate based on two analysts.
- Work days: 61 Days versus the two-analyst average estimate of 61 Days.
- LTL weight per shipment (lbs.): 1,511 lbs versus the two-analyst average estimate of 1,513.93 lbs.
- LTL shipments: 3,021 versus the two-analyst average estimate of 2,999.
- LTL tons: 2,283 KTon versus 2,270.37 KTon estimated by two analysts on average.
- Total revenue- Other services: $14.06 million versus the two-analyst average estimate of $18.71 million.
- Total revenue- LTL services: $1.48 billion versus the two-analyst average estimate of $1.47 billion.
View all Key Company Metrics for Old Dominion here>>>Shares of Old Dominion have returned -0.5% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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