Old Dominion Freight Line
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Old Dominion Freight Line beat slightly on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded significantly.
Margins expanded across the board.
Old Dominion Freight Line recorded revenue of $485.1 million. The 13 analysts polled by S&P Capital IQ expected to see net sales of $479.8 million. Sales were 22% higher than the prior-year quarter's $399.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.69. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.57 per share. GAAP EPS of $0.69 for Q4 were 77% higher than the prior-year quarter's $0.39 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 77.5%, 5,390 basis points better than the prior-year quarter. Operating margin was 13.1%, 360 basis points better than the prior-year quarter. Net margin was 8.2%, 270 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $487.5 million. On the bottom line, the average EPS estimate is $0.48.
Next year's average estimate for revenue is $2.10 billion. The average EPS estimate is $2.64.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 104 members out of 122 rating the stock outperform, and 18 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 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 $44.40.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.