Earnings Preview: Old Dominion Freight Line
Portfolio Pulse from Benzinga Insights
Old Dominion Freight Line (NASDAQ:ODFL) is expected to report an EPS of $2.85 in its upcoming quarterly earnings on January 31, 2024. Investors are looking for an earnings beat and positive guidance for future growth. Historically, ODFL's stock price has shown mixed reactions to earnings reports. Shares are currently trading at $397.23, with a 7.22% increase over the last 52 weeks.
January 30, 2024 | 4:01 pm
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Old Dominion Freight Line is anticipated to report an EPS of $2.85 and investors are keen on earnings beat and positive future guidance. The stock has risen 7.22% over the past year.
Given the positive historical performance and the stock's recent gains, an earnings beat and favorable guidance could lead to a short-term increase in stock price. However, past performance shows that the stock may not always rise post-earnings, indicating some level of uncertainty.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100