Old Dominion Freight Line (Nasdaq: ODFL ) is expected to report Q2 earnings on July 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Old Dominion Freight Line's revenues will increase 7.1% and EPS will expand 16.4%.
The average estimate for revenue is $580.1 million. On the bottom line, the average EPS estimate is $0.64.
Last quarter, Old Dominion Freight Line notched revenue of $532.6 million. GAAP reported sales were 7.1% higher than the prior-year quarter's $497.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.47. GAAP EPS of $0.47 for Q1 were 31% higher than the prior-year quarter's $0.36 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 26.2%, 190 basis points better than the prior-year quarter. Operating margin was 12.4%, 150 basis points better than the prior-year quarter. Net margin was 7.6%, 130 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.28 billion. The average EPS estimate is $2.33.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 108 members out of 128 rating the stock outperform, and 20 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Old Dominion Freight Line a green thumbs-up, and seven 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 $40.14.
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