Key Takeaways Old Dominion's August LTL revenue per day increased 12.4% year over year.LTL tons per day fell 0.9% as shipments dropped 2.4%, partly offset by 1.7% higher weight per shipment.Quarter-to-date LTL revenue per hundredweight rose 11.3%, or 4.8% excluding fuel surcharges. Old Dominion Freight Line, Inc. (ODFL - Free Report) has provided an update on the performance of its less-than-truckload (LTL) segment, which is its primary revenue generator, for August.
Old Dominion's revenue per day increased 12.4% year over year in August 2026, owing to an increase in LTL revenue per hundredweight, which was partially offset by a 0.9% decrease in LTL tons per day. The reduction in LTL tons per day was owing to a 2.4% decrease in LTL shipments per day, which was partially offset by a 1.7% increase in LTL weight per shipment.
Quarter to date, Old Dominion’s LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 11.3% and 4.8%, respectively, year over year.
Marty Freeman, president and chief executive officer of Old Dominion, stated, “Old Dominion produced solid revenue growth for July and August, with underlying demand trends remaining relatively consistent as the quarter has progressed. In addition, the strength and consistency of our industry-leading service continue to support the ongoing improvement in our LTL revenue per hundredweight. Our value proposition remains best-in-class, and we have all the necessary elements of capacity in place to support volume growth as the business environment evolves. As a result, we remain confident that through the continued execution of our long-term strategic plan, we are well positioned to win profitable market share and increase shareholder value over the long term.”
ODFL’s Zacks Rank & Price PerformanceODFL currently carries a Zacks Rank #2 (Buy).
Shares of ODFL have gained 19.6% so far this year compared with 25.7% growth of the transportation-truck industry.
ODFL Stock’s YTD Price Comparison
Image Source: Zacks Investment Research
Other Stocks to ConsiderInvestors interested in the Zacks Transportation sector may consider Expeditors International of Washington, Inc. (EXPD - Free Report) and Seanergy Maritime Holdings (SHIP - Free Report) .
Expeditors currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
EXPD has an expected earnings growth rate of 28.6% for 2026. The company has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 17.15%.
Seanergy Maritime Holdings currently sports a Zacks Rank #1.
SHIP has an expected earnings growth rate of more than 100% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 38%.
Key Takeaways ODFL supports shareholders through dividends and buybacks while maintaining a low debt profile. Pricing discipline adds strength, but weak freight demand weighs on the company. ODFL shares have gained so far this year, but underperform its industry and peers like JBHT and KNX. Old Dominion Freight Line, Inc. (ODFL - Free Report) is currently mired in multiple tailwinds, which, we believe, have made it an impressive investment option. The positive sentiment surrounding Old Dominion stock is evident from the fact that the Zacks Consensus Estimate for the third quarter of 2026 and the fourth quarter of 2026 earnings has been revised upward in the past 60 days. The consensus mark for 2026 and 2027 earnings has also been projected upward in the past 60 days.
The favorable estimate revisions indicate brokers’ lack of confidence in the stock.
Image Source: Zacks Investment Research
Given this backdrop, the question now arises whether it is worth buying, holding, or selling the Old Dominion stock at current prices. Let us delve deeper to find out.
Factors Working in Favor of ODFL StockODFL’s disciplined approach to pricing is highly commendable. The company’s cost-based approach to pricing enables it to retain customers and supports tonnage even in times of weak demand. This is borne out by the LTL revenue per hundredweight indicator (a commonly used indicator for general pricing trends in the industry), which for ODFL improved 2.4% in 2024 despite demand weakness. The same metric improved 3.9% year over year in 2025.
Old Dominion’s solid balance sheet increases financial flexibility. The company ended second-quarter 2026 with cash and equivalents of $283.9 million, higher than the current debt level of $20 million. This implies that the company has sufficient cash to meet its current debt obligations.
A solid balance sheet enables the company to reward shareholders with dividends and share repurchases. As a reflection of its shareholder-friendly stance, ODFL paid dividends of $175.1 million and repurchased shares worth $453.6 million in 2023, despite the weakness pertaining to freight demand. During 2024, ODFL paid out dividends worth $223.6 million and repurchased shares worth $967.3 million.
During 2025, ODFL paid out dividends worth $235.6 million and repurchased shares worth $730.3 million. For the first six months of this year, ODFL repurchased shares worth $239.7 million and paid $120.7 million in cash dividends.
ODFL Stock’s Price PerformanceShares of ODFL have gained 28.5% so far this year, underperforming the transportation-truck industry’s 35.1% surge, as well as that of other industry players, J.B. Hunt Transport Services (JBHT - Free Report) and Knight-Swift Transportation Holdings Inc. (KNX - Free Report) within the same time frame.
ODFL Stock’s YTD Price Comparison Image Source: Zacks Investment Research
Unattractive Valuation Picture for ODFL StockOld Dominion looks expensive from a valuation standpoint. Considering the forward 12-month price-to-sales ratio (P/E-F12M), ODFL is trading at a premium compared to the industry.
The stock has a forward 12-month P/E-F12M of 31.93X compared with 28.5X for the industry over the past five years. The company’s forward 12-month P/E-F12M ratio is also above the median level of 29.91X over the past five years. These factors indicate that the stock’s valuation is unattractive. ODFL has a Value Score of F.
ODFL P/E Ratio (Forward 12 Months) Vs. Industry Image Source: Zacks Investment Research
Time to Buy ODFL StockOld Dominion’s cost-based approach to pricing enables the company to retain customers and supports tonnage even in times of weak demand. ODFL’s solid balance sheet allows it to reward shareholders through dividends and share buybacks are impressive. Such shareholder-friendly moves boost investor confidence and positively impact the company's bottom line. We believe that the positives surrounding the stock (as highlighted throughout the write-up) outweigh the concerns regarding revenue weakness as geopolitical uncertainty and high inflation continue to hurt consumer sentiment and growth expectations. The increase in inflation in the past few months shows that we are not yet out of the woods as far as inflation is concerned. Driver shortages continue to bother the trucking industry and its players.
We, therefore, suggest investors add Old Dominion stock to their portfolios for healthy returns. The company’s Zacks Rank #2 (Buy) further supports our thesis. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A month has gone by since the last earnings report for Old Dominion Freight Line (ODFL - Free Report) . Shares have lost about 5.8% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Old Dominion due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Old Dominion Q2 Earnings Beat EstimatesOld Dominion reported second-quarter 2026 earnings of $1.68 per share, up 32.3% year over year. The figure beat the Zacks Consensus Estimate of $1.52 by 10.5%. Revenues rose 10.4% to $1.55 billion and inched past the consensus mark of $1.54 billion by 0.8%. The upside reflected stronger yield, with LTL revenue per hundredweight increasing 15.2%, despite lower freight volumes.
LTL services revenues increased 10.3% year over year to $1.54 billion. Other services revenues advanced 19.5% to $15.1 million, supporting broad-based top-line growth during the quarter. The revenue increase was primarily driven by pricing and mix. LTL revenue per hundredweight, excluding fuel surcharges, improved 5.5% from the year-ago period. Management linked the increase to its disciplined approach to yield management, which is intended to offset cost inflation and fund continued investment in capacity, technology and employees.
LTL tons per day declined 4.1% year over year to 31,804. The decrease reflected a 5.7% drop in LTL shipments per day to 42,332, partly offset by a 1.7% increase in LTL weight per shipment to 1,503 pounds.
LTL revenue per shipment climbed 17.2% to $568.55. Excluding fuel surcharges, revenue per shipment rose 7.2% to $446.44, helping offset weaker shipment activity. LTL intercity miles fell 4.8%, while the average length of haul edged down 0.3% to 909 miles.
Total operating expenses increased 3.7% year over year to $1.09 billion, a much slower pace than revenue growth. Salaries, wages and benefits rose 2.3% to $687.3 million, while operating supplies and expenses increased 24.7% to $177.7 million.
The operating ratio (operating expenses as a percentage of revenues) improved 450 basis points to 70.1%. Direct operating costs as a percentage of revenues improved 230 basis points. Overhead efficiency also benefited from $17.2 million in net gains on property and equipment disposals, supporting the year-over-year margin expansion.
Operating income surged 30% year over year to $465.3 million. Net income advanced 30.5% to $350.6 million, while the net margin expanded to 22.6% from 19.1% in the prior-year quarter. The company maintained high service quality, reporting 99% on-time service and a claims ratio of 0.1%. Management said improving demand trends, disciplined pricing and operational execution helped produce profitable revenue growth while preserving the company’s customer-service standards.
Net cash provided by operating activities was $272.7 million in the second quarter and $646.3 million for the first half of 2026. Capital expenditures were $77 million in the quarter and $139.6 million through the first six months.
Old Dominion ended June with $283.9 million in cash and cash equivalents, up from $120.1 million at the end of 2025. Total assets were $5.74 billion, while total shareholders’ equity reached $4.55 billion. Current maturities of long-term debt were $20 million and no long-term debt remained on the balance sheet.
Old Dominion Raises Capital Spending PlanThe company now expects 2026 capital expenditures of about $380 million (earlier guidance was for $265 million). The plan includes $180 million for real estate and service-center expansion, $155 million for tractors and trailers, and $45 million for information technology and other assets.
The updated spending plan is significantly higher than the $265 million anticipated after the first quarter. This increase primarily reflects additional planned investment in real estate, service centers, tractors and trailers.
During the first half of 2026, ODFL used $239.7 million for share repurchases and paid $120.7 million in cash dividends. Management said continued investment in its network and workforce should provide the capacity needed to support customers as freight demand evolves and position the company to pursue additional market share.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in estimates revision.
VGM ScoresCurrently, Old Dominion has a average Growth Score of C, a grade with the same score on the momentum front. However, the stock has a grade of F on the value side, putting it in the bottom 20% quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Old Dominion has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry PlayerOld Dominion is part of the Zacks Transportation - Truck industry. Over the past month, Werner Enterprises (WERN - Free Report) , a stock from the same industry, has gained 4.5%. The company reported its results for the quarter ended June 2026 more than a month ago.
Werner reported revenues of $933.93 million in the last reported quarter, representing a year-over-year change of +24%. EPS of $0.22 for the same period compares with $0.11 a year ago.
For the current quarter, Werner is expected to post earnings of $0.39 per share, indicating a change of +1400% from the year-ago quarter. The Zacks Consensus Estimate has changed +12.1% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Werner. Also, the stock has a VGM Score of A.
Bank of New York Mellon Corp ve 2. čtvrtletí koupila 2 508 261 akcií Old Dominion Freight Line za přibližně 543,3 mil. USD. Podíl činí asi 1,21 % společnosti.
Bank of New York Mellon Corp purchased a new stake in shares of Old Dominion Freight Line, Inc. (NASDAQ:ODFL – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,508,261 shares of the transportation company’s stock, valued at approximately $543,289,000. Bank of New York Mellon Corp owned about 1.21% of Old Dominion Freight Line as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC increased its holdings in Old Dominion Freight Line by 9.9% during the 1st quarter. Bogart Wealth LLC now owns 511 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 46 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Old Dominion Freight Line by 1.3% during the first quarter. Private Advisor Group LLC now owns 4,164 shares of the transportation company’s stock worth $814,000 after purchasing an additional 55 shares during the last quarter. Keybank National Association OH grew its holdings in shares of Old Dominion Freight Line by 2.3% during the first quarter. Keybank National Association OH now owns 2,450 shares of the transportation company’s stock worth $479,000 after purchasing an additional 56 shares during the last quarter. Deseret Mutual Benefit Administrators increased its stake in shares of Old Dominion Freight Line by 9.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 645 shares of the transportation company’s stock valued at $101,000 after buying an additional 57 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in shares of Old Dominion Freight Line by 1.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 5,181 shares of the transportation company’s stock valued at $812,000 after buying an additional 60 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.
Old Dominion Freight Line Trading Up 1.0% NASDAQ:ODFL opened at $206.47 on Friday. Old Dominion Freight Line, Inc. has a 1 year low of $126.01 and a 1 year high of $252.03. The stock has a 50-day moving average price of $220.21 and a two-hundred day moving average price of $210.45. The stock has a market cap of $42.81 billion, a price-to-earnings ratio of 39.78, a PEG ratio of 3.55 and a beta of 1.18.
Old Dominion Freight Line (NASDAQ:ODFL – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.14. Old Dominion Freight Line had a net margin of 19.44% and a return on equity of 24.87%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm earned $1.27 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Sell-side analysts forecast that Old Dominion Freight Line, Inc. will post 5.78 earnings per share for the current year. Old Dominion Freight Line Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, September 2nd will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, September 2nd. Old Dominion Freight Line’s dividend payout ratio is presently 22.35%.
Analyst Upgrades and Downgrades Several brokerages recently issued reports on ODFL. Morgan Stanley reiterated an “equal weight” rating and set a $245.00 price target (up from $235.00) on shares of Old Dominion Freight Line in a research report on Monday, July 6th. Stifel Nicolaus set a $263.00 price target on shares of Old Dominion Freight Line and gave the company a “buy” rating in a report on Thursday, July 30th. Evercore restated an “outperform” rating and issued a $243.00 price objective on shares of Old Dominion Freight Line in a research report on Thursday, July 30th. Wells Fargo & Company raised Old Dominion Freight Line from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $235.00 to $250.00 in a report on Wednesday, July 8th. Finally, Barclays increased their price objective on Old Dominion Freight Line from $210.00 to $220.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $226.55.
Get Our Latest Report on Old Dominion Freight Line
Old Dominion Freight Line Company Profile (Free Report)
Old Dominion Freight Line is a U.S.-based less-than-truckload (LTL) transportation company that provides regional, inter-regional and national freight services. Founded in 1934 and headquartered in Thomasville, North Carolina, the company has grown from a regional carrier into a national freight network, operating a broad system of service centers and terminals to move shipments for shippers of varying sizes and industries.
The company’s core business is LTL trucking, offering scheduled pickup and delivery for palletized freight that does not require a full truckload.
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Old Dominion ve 2. čtvrtletí zvýšila zisk o 32,3 % na 1,68 USD na akcii a tržby o 10,4 % na 1,55 mld. USD, i když objemy přepravy klesly. Valuace ODFL zůstává vysoká.
Key Takeaways Old Dominion's Q2 earnings rose 32.3% as revenues climbed 10.4% despite weaker freight volumes. ODFL's pricing gains offset declines in LTL tons per day and daily shipments in the second quarter. ODFL held $283.9 million in cash against $20 million in current debt maturities, supporting flexibility. Old Dominion Freight Line (ODFL - Free Report) combines improving earnings, disciplined pricing and exceptional margins with a valuation that leaves limited room for disappointment. Investors must decide whether strengthening fundamentals justify paying a premium for the stock.
ODFL's Earnings Momentum StrengthensSecond-quarter earnings rose 32.3% to $1.68 per share and beat the consensus estimate by 10.5%. Revenues increased 10.4% to $1.55 billion as stronger yields offset weaker freight volumes.
Old Dominion Still Trades at a PremiumODFL trades at 33.77 times forward 12-month earnings, above the transportation sector and S&P 500 multiples. The valuation is also close to its five-year median of 33.81 times, suggesting investors already expect meaningful execution. ODFL's valuation is higher than fellow truck operators, ArcBest Corporation (ARCB - Free Report) and Covenant Logistics Group (CVLG - Free Report) .
ODFL's Pricing Power Offsets Volume WeaknessLTL revenue per hundredweight increased 15.2%, while the measure excluding fuel surcharges rose 5.5%. That pricing strength helped counter a 4.1% decline in LTL tons per day and a 5.7% drop in daily shipments.
Old Dominion's Balance Sheet Adds FlexibilityODFL ended the second quarter with $283.9 million in cash and only $20 million in current debt maturities. Its financial position supports capital investment, dividends and share repurchases despite continued freight-market uncertainty.
ODFL's Signals Favor Momentum Over ValueODFL currently sports a Zacks Rank #1 (Strong Buy), which supports a favorable near-term earnings-revision outlook, while the Momentum Style Score of A reinforces the positive setup. However, the Value Score of F, Growth Score of C and VGM Score of D highlight the trade-off between operating quality and a demanding valuation. You can see the complete list of today’s Zacks #1 Rank stocks here.
Old Dominion Freight Line, Inc. (ODFL) Q2 2026 Earnings Call July 29, 2026 10:00 AM EDT
Company Participants
Jack Atkins - Director of Investor Relations
Kevin Freeman - President, CEO & Director
Adam Satterfield - Executive VP, Assistant Secretary & CFO
Conference Call Participants
Jonathan Chappell - Evercore ISI Institutional Equities, Research Division
Christian Wetherbee - Wells Fargo Securities, LLC, Research Division
Jordan Alliger - Goldman Sachs Group, Inc., Research Division
Thomas Wadewitz - UBS Investment Bank, Research Division
Eric Morgan - Barclays Bank PLC, Research Division
Ravi Shanker - Morgan Stanley, Research Division
Ken Hoexter - BofA Securities, Research Division
Jason Seidl - TD Cowen, Research Division
Bascome Majors - Stephens Inc., Research Division
Richa Talwar - Deutsche Bank AG, Research Division
Brian Ossenbeck - JPMorgan Chase & Co, Research Division
Matthew Milask - Stifel, Nicolaus & Company, Incorporated, Research Division
Ariel Rosa - Citigroup Inc., Research Division
Scott Group - Wolfe Research, LLC
Presentation
Operator
Good morning, and welcome to the Old Dominion Freight Line Second Quarter 2026 Earnings Conference Call.
[Operator Instructions] Please note, this event is being recorded.
I would now like to turn the conference over to Jack Atkins, Director, Investor Relations. Please go ahead.
Jack Atkins
Director of Investor Relations
Thank you, operator, and good morning, everyone. Welcome to the second quarter 2026 conference call for Old Dominion Freight Line. Today's call is being recorded and will be available for replay beginning today through August 5, 2026, by dialing 1 (855) 669-9658, access code 8521187. The replay of the webcast may also be accessed for 30 days on our website.
This conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements, among others, regarding Old Dominion's expected financial and operating performance. For this purpose, any statements made during this call that are not statements of historical fact may be deemed to be
Old Dominion Freight Line (ODFL - Free Report) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $1.27 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +10.53%. A quarter ago, it was expected that this trucking company would post earnings of $1.05 per share when it actually produced earnings of $1.14, delivering a surprise of +8.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Old Dominion, which belongs to the Zacks Transportation - Truck industry, posted revenues of $1.55 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.80%. This compares to year-ago revenues of $1.41 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Old Dominion shares have added about 44.3% since the beginning of the year versus the S&P 500's gain of 8.5%.
What's Next for Old Dominion?While Old Dominion has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Old Dominion was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.55 on $1.54 billion in revenues for the coming quarter and $5.56 on $5.87 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Truck is currently in the top 3% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Forward Air (FWRD - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This contractor for the air cargo industry is expected to post quarterly loss of $0.17 per share in its upcoming report, which represents a year-over-year change of +58.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Forward Air's revenues are expected to be $632 million, up 2.1% from the year-ago quarter.
Old Dominion Freight Line čeká za čtvrtletí EPS 1,52 USD, meziročně o 19,7 % více, a tržby 1,54 mld. USD, o 9,5 % více. Analytici navíc vidí Earnings ESP +1,02 % a Zacks Rank #2.
Old Dominion Freight Line (ODFL - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on July 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis trucking company is expected to post quarterly earnings of $1.52 per share in its upcoming report, which represents a year-over-year change of +19.7%.
Revenues are expected to be $1.54 billion, up 9.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.83% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Old Dominion?For Old Dominion, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.02%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that Old Dominion will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Old Dominion would post earnings of $1.05 per share when it actually produced earnings of $1.14, delivering a surprise of +8.57%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Old Dominion appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAnother stock from the Zacks Transportation - Truck industry, Old Dominion Freight Line (ODFL - Free Report) , is soon expected to post earnings of $1.52 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +19.7%. Revenues for the quarter are expected to be $1.54 billion, up 9.5% from the year-ago quarter.
The consensus EPS estimate for Old Dominion has been revised 2.8% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +1.02%.
This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that Old Dominion will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
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Old Dominion Freight Line oznámila, že výsledky za 2. čtvrtletí 2026 zveřejní před otevřením trhu 29. července. Poté uspořádá konferenční hovor k výsledkům a výhledu.
THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its second quarter 2026 financial results before opening of trading on Wednesday, July 29, 2026. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, July 29, 2026.
An online, real-time webcast of Old Dominion’s quarterly conference call will be available at ir.odfl.com on Wednesday, July 29, 2026, at 10:00 a.m. (Eastern Time). The online replay will be available at approximately 1:00 p.m. (Eastern Time) and continue for 30 days. A telephonic replay of the call can be accessed starting at 1:00 p.m. (Eastern Time) and will be available through August 5, 2026, at 1-855-669-9658, access code 8521187.
Old Dominion Freight Line, Inc. is one of the largest North American LTL motor carriers and provides regional, inter-regional and national LTL services through a single integrated, union-free organization. Our service offerings, which include expedited transportation, are provided through an expansive network of service centers located throughout the continental United States. Through strategic alliances, we also provide LTL services throughout North America. In addition to our core LTL services, we offer a range of value-added services including container drayage, truckload brokerage and supply chain consulting.
