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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