Old Dominion’s Q1 miss sends LTL stocks lower

[Todd Maiden]

Old Dominion’s Q1 miss sends LTL stocks lower

Old Dominion said Wednesday that volumes have stagnated and some of its customers are pushing back on pricing.

www.freightwaves.com

Old Dominion (NASDAQ: ODFL) reported first-quarter earnings per share of $2.58 before the market opened Wednesday, which was 12 cents light of the consensus estimate and 2 cents lower year over year (y/y). Consolidated revenue was down 4% y/y to $1.44 billion, but most of the decline was offset by a 3% reduction in operating costs.

 

[outlaw88]

Well hopefully for all of us this will chance soon. I hope so because I want to see ODFL do good and call me back. I miss ODFL and its where I call home and want to retire like everyone else there . OD is a great company and takes care of there customers and there freight but right now I agree some companies are looking for cheaper LTL carriers right now. I think things will change next month. what do yall think?

 

[Brassballs]

Well hopefully for all of us this will chance soon. I hope so because I want to see ODFL do good and call me back. I miss ODFL and its where I call home and want to retire like everyone else there . OD is a great company and takes care of there customers and there freight but right now I agree some companies are looking for cheaper LTL carriers right now. I think things will change next month. what do yall think?

Hope you get called back driver!

 

[johnnybtruckin]

If they really use April as forecaster for the rest of the year then we're royally screwed!

 

[SMOKESTACK]

OD seems pretty stable to me , they will be fine .

 

[Razorblade]

OD seems pretty stable to me , they will be fine .

$2.58 per share is an excellent return on investment. An estimate is just a guess. 12 cents below the estimate is less that half a percent. OD is well managed and well capitalized. Nothing here to worry about.

 

[SMOKESTACK]

Agree OD is a solid company .

 

[DMT]

The stock took a 30 fall after the news came out but rebounded up about 8 today

 

[LS2Silver]

Was the Nasdaq aware that BillyLo took some time off during the first quarter for lawn mower maintenance?

 

[truckdriver]

Was the Nasdaq aware that BillyLo took some time off during the first quarter for lawn mower maintenance?

Don't let BillyLo off that easy, he was Spring Break-in with the Bayliner Babes....

 

[flybynite]

I wonder if he’d make the move to XPO if they promised him a yacht. He’d really be hauling in the Puget Sound babe’s.