Old Dominion (ODFL) Reports Q1 Earnings: What Key Metrics Have to Say

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Old Dominion (ODFL) Reports Q1 Earnings: What Key Metrics Have to Say

For the quarter ended March 2026, Old Dominion Freight Line (ODFL) reported revenue of $1.33 billion, down 2.9% over the same period last year. EPS came in at $1.14, compared to $1.19 in the year-ago quarter.

The reported revenue represents a surprise of +1.51% over the Zacks Consensus Estimate of $1.31 billion. With the consensus EPS estimate being $1.05, the EPS surprise was +8.77%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Old Dominion performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Operating Ratio: 76.2% versus the four-analyst average estimate of 78%. LTL tonnage per day: 30.58 Kton/D compared to the 30.40 Kton/D average estimate based on two analysts. LTL shipments per day: 41.04 thousand versus 40.83 thousand estimated by two analysts on average. LTL revenue per hundredweight: $34.52 versus the two-analyst average estimate of $34.38. LTL revenue per hundredweight, excluding fuel surcharges: $29.13 compared to the $29.01 average estimate based on two analysts. Work days: 63.00 Days versus 63.00 Days estimated by two analysts on average. LTL weight per shipment (lbs.): 1,491.00 lbs compared to the 1,488.97 lbs average estimate based on two analysts. LTL shipments: 2,585 compared to the 2,572 average estimate based on two analysts. LTL tons: 1,927.00 KTon versus the two-analyst average estimate of 1,914.89 KTon.

View all Key Company Metrics for Old Dominion here>>>

Shares of Old Dominion have returned +13.5% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Old Dominion Freight Line, Inc. (ODFL): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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