ODFL Earnings Prediction
The chart below shows how ODFL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ODFL sees a -0.40% change in stock price 10 days leading up to the earnings, and a +4.33% change 10 days following the report. On the earnings day itself, the stock moves by -1.41%. This data can give you a slight idea of what to expect for the next quarter's release.
ODFL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.47B
-2.97%
-1.90%
Gross Margin
83.48%
1.15%
-0.16%
Operating Margin
27.33%
-6.95%
-2.88%
Net Margin
20.99%
-6.25%
-2.33%
EPS
1.43
-7.14%
-3.38%
No Data Available
ODFL Earnings Analysis
Old Dominion Freight Line Corporation (ODFL.O) Earnings Conference Call
Positive
Third Quarter Revenue Performance: Old Dominion's revenue totaled $1.47 billion for the third quarter 2024, reflecting a strong performance despite a 3.0% decrease from the prior year.
Operating Ratio Improvement: The operating ratio improved to 72.7% in the third quarter, indicating effective cost management and operational efficiency.
Strong Cash Flow Generation: Old Dominion's cash flow from operations totaled $446.5 million for the third quarter, showcasing strong cash generation capabilities.
Share Repurchase Program: The company executed a share repurchase program, utilizing $187.7 million during the third quarter, demonstrating confidence in its financial position and commitment to returning value to shareholders.
Dividend Payments Commitment: Old Dominion's dividend payments totaled $55.6 million for the third quarter, reflecting a commitment to returning capital to shareholders while maintaining a strong balance sheet.
Negative
Revenue Decline Analysis: Old Dominion's revenue totaled $1.47 billion for the third quarter 2024, which was a 3.0% decrease from the prior year.
Revenue and Earnings Decline: Revenue and earnings per diluted share both declined on a year-over-year basis during the quarter, although our market share and volume trends remained relatively consistent with the first half of the year.
LTL Tons Decline: The operating environment continued to be challenging, contributing to a 4.8% decrease in LTL tons per day.
Revenue Decline Analysis: Our revenue per day for the third quarter decreased 1.9% when compared to the second quarter of 2024.
Tax Rate Comparison: The effective tax rate for the third quarter, 2024 was 23.4% as compared to 24.08% in the third quarter of 2023.
ODFL FAQs
How does ODFL typically perform around its earnings report dates?
Is Old Dominion Freight Line, Inc. (ODFL) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
ODFL Earning Call Sentiment
Old Dominion Freight Line, Inc. (ODFL) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ODFL.O
2.04%Positive
The earnings call indicates a decline in key financial metrics, such as revenue and operating ratio, and increased costs, signaling operational challenges. Despite a robust share repurchase plan, the negative outlook on revenue and tonnage trends, coupled with management's unclear responses to key concerns, suggest a bearish sentiment. The lack of significant positive catalysts, such as partnerships or strong guidance, further supports a negative stock price movement over the next two weeks.