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Old Dominion Freight Line (ODFL)
NASDAQ:ODFL
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.16Last Year’s EPS
1.47Same Quarter Last Year
Based on 18 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -4.90%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging economic environment with decreased revenue and increased operating costs. However, Old Dominion maintains a strong market position and service performance, which provides optimism for future growth.Company Guidance
During the Old Dominion Freight Line Q3 2024 earnings call, the executives provided several key metrics and insights into the company's performance and outlook. Revenue for the third quarter totaled $1.47 billion, reflecting a 3.0% year-over-year decrease. The operating ratio increased to 72.7%, driven by a decline in revenue and an increase in cost categories as a percentage of revenue. Despite these challenges, Old Dominion maintained a strong market share and high service quality, with a 99% on-time service rate and a cargo claims ratio of 0.1%. The company also reported cash flow from operations of $446.5 million for the quarter and capital expenditures of $242.8 million. Looking ahead, Old Dominion anticipates a decrease in revenue per day by approximately 11.2% to 11.8% in October compared to the previous year, with a decrease in LTL tons per day by approximately 9.2% to 9.8%. The call highlighted the company's confidence in its ability to capitalize on a potential economic recovery, emphasizing its strategic investments in capacity and technology.Top LTL Provider Recognition
Old Dominion was named the #1 national LTL provider for the 15th consecutive year by Mastio & Company, finishing #1 in 23 of the 28 evaluated categories.
Strong Service Metrics
The company maintained a 99% on-time service and a cargo claims ratio of 0.1% in the third quarter.
Consistent Market Share
Despite the economic challenges, Old Dominion maintained consistent market share and strong customer retention trends.
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ODFL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ODFL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $199.31 | $188.44 | -5.45% |
| Jul 24, 2024 | $193.36 | $194.13 | +0.40% |
| Apr 24, 2024 | $218.40 | $194.27 | -11.05% |
| Jan 31, 2024 | $196.91 | $194.50 | -1.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Old Dominion Freight Line (ODFL) report earnings?
Old Dominion Freight Line (ODFL) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Old Dominion Freight Line (ODFL) earnings time?
Old Dominion Freight Line (ODFL) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ODFL EPS forecast?
ODFL EPS forecast for the fiscal quarter 2024 (Q4) is 1.16.
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