US6795801009 - Common Stock
On Tuesday, Old Dominion Freight Line stock received a positive adjustment to its Relative Strength (RS) Rating, from 65 to 72.
XPO just delivered another impressive earnings report.
Freight transportation and logistics provider Saia (NASDAQ:SAIA) will be reporting earnings tomorrow morning. Here’s what investors should know.
Freight carrier Old Dominion (NASDAQ:ODFL) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 3% year on year to $1.47 billion. Its GAAP profit of $1.43 per share wasin line with analysts’ consensus estimates.
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) shares are trading slightly lower on Friday. BMO Capital Markets analyst Fadi Chamoun downgraded the company to Market Perform from Outperform and lowered the price target to $210 from $214. The analyst writes that consensus/BMOe F2025 earnings expectations have decreased by 13%/15%. Demand remains muted, and the timeline for a recovery in freight markets continues to be delayed. The downgrade reflects anticipation of further negative revisions as th
Susquehanna Financial Group analyst Bascome Majors cut his earnings forecasts for less-than-truckload carriers following a soft August. The post LTL earnings estimates cut following weak August updates appeared first on FreightWaves.