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Old Dominion Freight Line Earnings Preview For Thursday

Old Dominion Freight Line Company Logo Image

Old Dominion Freight Line Inc. (ODFL)

Background: Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States. It provides regional, inter-regional, and national LTL services.

The upcoming second-quarter earnings is highly anticipated by hopeful investors expecting an earnings growth report before the market opens on July 25, 2013 .
 

The Analyst's mean profit appraisal is presently 64 cents a share, a gain of 9 cents (14.1%) from 55 cents during the corresponding quarter last year. Analysts are estimating as low as 59 cents per share, up to the most optimistic estimate of 67 cents per share.

The majority of analysts believe Old Dominion Freight Line continues to offer a buying opportunity. 11 of the 19 analysts covering the company give a buy recommendation. Some (8) are taking a more cautious approach, and rate it a hold. As of the last update I have, none of the analysts are recommending selling. Shares have really appreciated, gaining 60% in the last year, and the average analyst target price for Old Dominion Freight Line is $45.47.
 

The short interest is slightly elevated, albeit, not yet enough to make me want to worry about it. As long as it stays under 4%, I won't give it much thought. Short interest is 3.7%, and if it starts to trend higher I recommend monitoring for a possible exit.

 

 

(ODFL)

(YRCW)

Strong Buy

5

1

Moderate Buy

6

0

Hold

8

3

Avg Analyst Price Target

$45.47

$23.50

Revenue

$2.28 billion

$4.92 billion

Est Low EPS

0.59

-3.90

Est High EPS

0.67

-0.68

1 Year Stock Price Change

64.48%

493.35%

 

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