Old Dominion Freight Line (Nasdaq: ODFL ) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Old Dominion Freight Line met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Margins increased across the board.
Old Dominion Freight Line booked revenue of $541.5 million. The 12 analysts polled by S&P Capital IQ predicted a top line of $547.3 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $480.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.83. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.77 per share. GAAP EPS of $0.83 for Q2 were 20% higher than the prior-year quarter's $0.69 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.2%, 120 basis points better than the prior-year quarter. Operating margin was 15.3%, 180 basis points better than the prior-year quarter. Net margin was 8.8%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $552.0 million. On the bottom line, the average EPS estimate is $0.82.
Next year's average estimate for revenue is $2.13 billion. The average EPS estimate is $2.90.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 103 members out of 122 rating the stock outperform, and 19 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 32 give Old Dominion Freight Line a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Old Dominion Freight Line is outperform, with an average price target of $50.69.