Analysts See 11.8% EPS Decline and $1.31B Revenue Drop for Old Dominion
Piper Sandler upgraded Old Dominion Freight Line to Neutral alongside a 26-analyst consensus Hold with an average price target of $196.33, below current trading near $219. EPS for Q1 is forecast at $1.05, down 11.8%, and revenues at $1.31 billion, down 4.4%.
1. Analyst Ratings and Consensus
Piper Sandler upgraded Old Dominion Freight Line to Neutral, joining a 26-analyst consensus Hold recommendation. Wall Street Zen moved from Sell to Hold while Robert W. Baird cut its rating to Underperform, underscoring uneven analyst sentiment.
2. Price Objective and Trading
Analysts set an average one-year price target of $196.33, roughly 10.5% below recent share prices around $219. Current trading levels suggest limited upside relative to analyst expectations.
3. Q1 Financial Forecast
Earnings per share are forecast at $1.05, an 11.8% year-over-year decline, while revenues are expected to fall 4.4% to $1.31 billion. These projections reflect potential headwinds in less-than-truckload shipping demand.
4. Market Performance Metrics
Shares trade near $218.82, valuing the company at approximately $45.6 billion. The stock has ranged between $126.01 and $227.08 over the past 52 weeks, indicating significant volatility.