We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
The Zacks Consensus Estimate for ODFL’s fourth-quarter 2024 earnings per share has been revised downward by 0.9% in the past 60 days to $1.17 per share. However, the consensus mark implies a 20.4% decline from the year-ago actuals. The Zacks Consensus Estimate for ODFL’s fourth-quarter 2024 revenues is pegged at $1.38 billion, indicating a 7.7% decrease year over year.
Old Dominion Freight Line, Inc. Price, Consensus and EPS Surprise
ODFL has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in three of the preceding four quarters and met once, the average beat being 1.4%.
Let’s see how things have shaped up for ODFL this earnings season.
Factors Likely to Have Influenced ODFL’s Q4 Performance
The top-line performance in the fourth quarter is expected to have suffered from geopolitical uncertainty and high inflationary pressure.
The freight market downturn is expected to have significantly impacted the company’s performance in the to-be-reported quarter, as the decline in demand for freight services is likely to have reduced shipments and rates, impacting the company’s top line. Moreover, per our model, we expect revenues from LTL Services to be $1.38 billion and other Services to be $13.2 million, which indicates a decline of 7.1% and 6%, respectively, from the fourth-quarter 2023 actuals. Low fuel costs might aid December quarter bottom-line results.
What Our Model Says About ODFL
Our proven model does not conclusively predict an earnings beat for ODFL this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that’s not the case here.
ODFL has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell) at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
ODFL’s Q3 Highlights
Old Dominion Freight Line’s third-quarter 2024 earnings per share of $1.43 was in line with the Zacks Consensus Estimate but decreased 7.1% year over year. Revenues of $1.47 billion fell short of the Zacks Consensus Estimate of $1.51 billion and dropped 3% year over year. A 4.8% decrease in less-than-truckload tons per day hurt results.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors might want to consider, as our model shows that these have the right combination of elements to beat fourth-quarter 2024 earnings.
ALGT has an encouraging earnings surprise history, having surpassed the Zacks Consensus Estimate thrice in the preceding four quarters and missing once. The average beat is 57.4%.
Expeditors International of Washington (EXPD - Free Report) has an Earnings ESP of +6.54% and a Zacks Rank #3 at present. EXPD is slated to release fourth-quarter 2024 results on Feb. 18.
EXPD has an encouraging earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missing once. The average beat is 4.8%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
ODFL's Q4 Earnings Coming Up: What's in the Offing for the Stock?
Old Dominion Freight Line (ODFL - Free Report) is scheduled to report fourth-quarter 2024 results on Feb. 5, before market open.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
The Zacks Consensus Estimate for ODFL’s fourth-quarter 2024 earnings per share has been revised downward by 0.9% in the past 60 days to $1.17 per share. However, the consensus mark implies a 20.4% decline from the year-ago actuals. The Zacks Consensus Estimate for ODFL’s fourth-quarter 2024 revenues is pegged at $1.38 billion, indicating a 7.7% decrease year over year.
Old Dominion Freight Line, Inc. Price, Consensus and EPS Surprise
Old Dominion Freight Line, Inc. price-consensus-eps-surprise-chart | Old Dominion Freight Line, Inc. Quote
ODFL has an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate in three of the preceding four quarters and met once, the average beat being 1.4%.
Let’s see how things have shaped up for ODFL this earnings season.
Factors Likely to Have Influenced ODFL’s Q4 Performance
The top-line performance in the fourth quarter is expected to have suffered from geopolitical uncertainty and high inflationary pressure.
The freight market downturn is expected to have significantly impacted the company’s performance in the to-be-reported quarter, as the decline in demand for freight services is likely to have reduced shipments and rates, impacting the company’s top line. Moreover, per our model, we expect revenues from LTL Services to be $1.38 billion and other Services to be $13.2 million, which indicates a decline of 7.1% and 6%, respectively, from the fourth-quarter 2023 actuals. Low fuel costs might aid December quarter bottom-line results.
What Our Model Says About ODFL
Our proven model does not conclusively predict an earnings beat for ODFL this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that’s not the case here.
ODFL has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell) at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
ODFL’s Q3 Highlights
Old Dominion Freight Line’s third-quarter 2024 earnings per share of $1.43 was in line with the Zacks Consensus Estimate but decreased 7.1% year over year. Revenues of $1.47 billion fell short of the Zacks Consensus Estimate of $1.51 billion and dropped 3% year over year. A 4.8% decrease in less-than-truckload tons per day hurt results.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors might want to consider, as our model shows that these have the right combination of elements to beat fourth-quarter 2024 earnings.
Allegiant (ALGT - Free Report) has an Earnings ESP of +10.23% and a Zacks Rank #2 at present. ALGT is set to release fourth-quarter 2024 results on Feb. 4.You can see the complete list of today’s Zacks #1 Rank stocks here.
ALGT has an encouraging earnings surprise history, having surpassed the Zacks Consensus Estimate thrice in the preceding four quarters and missing once. The average beat is 57.4%.
Expeditors International of Washington (EXPD - Free Report) has an Earnings ESP of +6.54% and a Zacks Rank #3 at present. EXPD is slated to release fourth-quarter 2024 results on Feb. 18.
EXPD has an encouraging earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missing once. The average beat is 4.8%.