Old Dominion Freight Line (ODFL, Financial) has projected a decrease in its daily revenue for April, noting a 7% drop in revenue per day compared to the same period last year. The logistics company anticipates that the overall revenue per day for April will likely decrease by approximately 6%, with a possible variance of 50 basis points.
This projection hinges on the company's revenue performance for the remainder of the month. Old Dominion plans to release the finalized revenue figures for April in its first quarter Form 10-Q report.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Old Dominion Freight Line Inc (ODFL, Financial) is $181.41 with a high estimate of $240.00 and a low estimate of $135.00. The average target implies an upside of 16.49% from the current price of $155.73. More detailed estimate data can be found on the Old Dominion Freight Line Inc (ODFL) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Old Dominion Freight Line Inc's (ODFL, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Old Dominion Freight Line Inc (ODFL, Financial) in one year is $190.42, suggesting a upside of 22.28% from the current price of $155.73. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Old Dominion Freight Line Inc (ODFL) Summary page.
