Old Dominion Freight Line Q4 EPS $2.94 Beats $2.85 Estimate, Sales $1.50B Miss $1.50B Estimate
Portfolio Pulse from Benzinga Newsdesk
Old Dominion Freight Line (ODFL) reported Q4 earnings of $2.94 per share, surpassing the consensus estimate of $2.85, marking a 0.68% year-over-year increase. However, their quarterly sales of $1.50B slightly missed the estimate by 0.27%, though it's a 0.27% increase from the previous year.
January 31, 2024 | 12:03 pm
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NEUTRAL IMPACT
ODFL's Q4 earnings beat estimates with a slight increase in EPS year-over-year, but sales missed estimates marginally, showing a small growth from the previous year.
While ODFL beat EPS estimates, the miss on sales and the marginal growth in both earnings and sales suggest a neutral short-term impact on the stock price. Investors may react positively to the earnings beat, but the sales miss could temper any significant stock movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100