It's Showtime for Old Dominion Freight Line (ODFL)

It's Showtime for Old Dominion Freight Line

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Old Dominion Freight Line (Nasdaq: ODFL ) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.

The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Old Dominion Freight Line's revenues will grow 13.8% and EPS will grow 11.6%.

The average estimate for revenue is $546.8 million. On the bottom line, the average EPS estimate is $0.77.

Revenue details
Last quarter, Old Dominion Freight Line reported revenue of $497.1 million. GAAP reported sales were 18% higher than the prior-year quarter's $422.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.54. GAAP EPS of $0.54 for Q1 were 42% higher than the prior-year quarter's $0.38 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 24.3%, 150 basis points better than the prior-year quarter. Operating margin was 10.9%, 190 basis points better than the prior-year quarter. Net margin was 6.3%, 120 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $2.15 billion. The average EPS estimate is $2.83.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 102 members out of 120 rating the stock outperform, and 18 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 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 $49.50.

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Add Old Dominion Freight Line to My Watchlist.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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