- Old Dominion Freight Line's (ODFL, Financial) first-quarter earnings exceeded expectations with a notable EPS improvement.
- Analysts remain cautiously optimistic, with a mixed "Hold" consensus on the stock.
- GuruFocus projects a significant potential upside based on GF Value estimates.
Old Dominion Freight Line (ODFL) saw a positive reaction in its stock price following the announcement of its first-quarter financial results, which surpassed market expectations, despite a slight decline in revenue. The company reported a 6.2% decrease in revenue to $1.37 billion. However, its earnings per share (EPS) came in at $1.19, outperforming the projected $1.14. Additionally, the operating ratio improved to an impressive 75.4%, exceeding analysts' forecasts.
Wall Street Analysts' Forecast
Among the 20 analysts providing one-year price targets for Old Dominion Freight Line Inc (ODFL, Financial), the average target price is set at $181.41, with a high estimate of $240.00 and a low estimate of $135.00. This average target suggests a potential upside of 19.29% from the current stock price of $152.07. For more detailed estimate data, please visit the Old Dominion Freight Line Inc (ODFL) Forecast page.
Analysts' Recommendations
Currently, 25 brokerage firms have provided a consensus recommendation for Old Dominion Freight Line Inc (ODFL, Financial), which stands at an average of 2.7, indicating a "Hold" rating. The recommendation scale ranges from 1 (Strong Buy) to 5 (Sell).
GuruFocus Insights
According to GuruFocus estimates, Old Dominion Freight Line Inc (ODFL, Financial) has an estimated GF Value of $190.78 for the coming year. This estimate suggests a potential upside of 25.46% from the current trading price of $152.07. The GF Value metric is calculated by analyzing the stock's historical trade multiples, past business growth, and future performance projections. More comprehensive data is available on the Old Dominion Freight Line Inc (ODFL) Summary page.
