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Earnings To Watch: Old Dominion Freight Line (ODFL) Reports Q4 Results Tomorrow

ODFL Cover Image

Freight carrier Old Dominion (NASDAQ:ODFL) will be reporting results tomorrow before the bell. Here’s what to look for.

Old Dominion Freight Line missed analysts’ revenue expectations by 1.3% last quarter, reporting revenues of $1.47 billion, down 3% year on year. It was a slower quarter for the company, with a miss of analysts’ EBITDA estimates.

Is Old Dominion Freight Line a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Old Dominion Freight Line’s revenue to decline 8.3% year on year to $1.37 billion, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $1.16 per share.

Old Dominion Freight Line Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at Old Dominion Freight Line’s peers in the ground transportation segment, some have already reported their Q4 results, giving us a hint as to what we can expect. ArcBest’s revenues decreased 8.1% year on year, meeting analysts’ expectations, and Saia reported revenues up 5%, topping estimates by 1.5%. ArcBest traded down 3% following the results.

Read our full analysis of ArcBest’s results here and Saia’s results here.

Investors in the ground transportation segment have had steady hands going into earnings, with share prices flat over the last month. Old Dominion Freight Line’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $198.34 (compared to the current share price of $182.05).

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