Old Dominion Freight Line Inc reports results for the quarter ended in September 30 - Earnings Summary

Old Dominion Freight Line

23/10/2024 14:40

* Old Dominion Freight Line Inc  ODFL.OQ  reported quarterly
adjusted earnings of $1.43​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of $1.55.  The mean expectation of twenty
one analysts for the quarter was for earnings of $1.42 per
share. Wall Street expected results to range from $1.39 
to $1.44 per share.
    * Revenue fell 3% to $1.47 billion from a year ago; analysts
expected $1.49 billion. 
    * Old Dominion Freight Line Inc's reported EPS for the
quarter was
$1.43​.
    * The company reported quarterly net income of $308.58
million.
    * Old Dominion Freight Line Inc shares had risen by 0.5%
this
quarter and lost 1.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.4%
in the last three months.​ 
    * In the last 30 days, eleven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 15
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the ground
freight &
logistics peer group is also "hold"

Wall Street's median 12-month price target for Old Dominion
Freight Line Inc is $200.00 
This summary was machine generated from LSEG data October 23 at
01:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.42           1.43           Beat
 Jun. 30 2024      1.45           1.48           Beat
 Mar. 31 2024      1.34           1.34           Met
 Dec. 31 2023      1.42           1.47           Beat