Old Dominion Freight Line Inc reports results for the quarter ended June 30 - Earnings Summary

• Old Dominion Freight Line Inc ODFL.OQ reported quarterly adjusted earnings of $1.27​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.48. The mean expectation of twenty three analysts for the quarter was for earnings of $1.29 per share. Wall Street expected results to range from $1.24 to $1.32 per share.

• Revenue fell 6.1% to $1.41 billion from a year ago; analysts expected $1.42 billion.

• Old Dominion Freight Line Inc's reported EPS for the quarter was $1.27​.

• The company reported quarterly net income of $268.63 million.

• Old Dominion Freight Line Inc shares had fallen by 0.1% this quarter and lost 8.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.5% in the last three months.​

• In the last 30 days, seven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy," 15 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the ground freight & logistics peer group is "buy."

• Wall Street's median 12-month price target for Old Dominion Freight Line Inc is $170.00, about 4.6% above its last closing price of $162.12

This summary was machine generated from LSEG data July 30 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)