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Can Old Dominion (ODFL) Stock Continue to Grow Earnings?
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Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, they can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
One such company that might be well-positioned for future earnings growth is Old Dominion Freight Line, Inc. (ODFL - Free Report) . This firm, which is in the Transportation - Truck industry, saw EPS growth of 11.2% last year, and is looking great for this year too.
In fact, the current growth estimate for this year calls for earnings-per-share growth of 39.1%. Furthermore, the long-term growth rate is currently an impressive 21.9%, suggesting pretty good prospects for the long haul.
Old Dominion Freight Line, Inc. Price and Consensus
And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 2.4%. Thanks to this rise in earnings estimates, ODFL has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider ODFL. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for ODFL as well.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
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Can Old Dominion (ODFL) Stock Continue to Grow Earnings?
Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, they can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.
One such company that might be well-positioned for future earnings growth is Old Dominion Freight Line, Inc. (ODFL - Free Report) . This firm, which is in the Transportation - Truck industry, saw EPS growth of 11.2% last year, and is looking great for this year too.
In fact, the current growth estimate for this year calls for earnings-per-share growth of 39.1%. Furthermore, the long-term growth rate is currently an impressive 21.9%, suggesting pretty good prospects for the long haul.
Old Dominion Freight Line, Inc. Price and Consensus
Old Dominion Freight Line, Inc. price-consensus-chart | Old Dominion Freight Line, Inc. Quote
And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 2.4%. Thanks to this rise in earnings estimates, ODFL has a Zacks Rank #2 (Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider ODFL. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for ODFL as well.
+1,500% Growth: One of 2021’s Most Exciting Investment Opportunities
In addition to the stocks you read about above, would you like to see Zacks’ top picks to capitalize on the Internet of Things (IoT)? It is one of the fastest-growing technologies in history, with an estimated 77 billion devices to be connected by 2025. That works out to 127 new devices per second.
Zacks has released a special report to help you capitalize on the Internet of Things’s exponential growth. It reveals 4 under-the-radar stocks that could be some of the most profitable holdings in your portfolio in 2021 and beyond.
Click here to download this report FREE >>