Old Dominion Freight Line Earnings: Here’s Why Investors are Excited Now

Old Dominion Freight Line Inc. (NASDAQ:ODFL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.58%.

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Old Dominion Freight Line Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 30.56% to $0.47 in the quarter versus EPS of $0.36 in the year-earlier quarter.

Revenue: Rose 7.13% to $532.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Old Dominion Freight Line Inc. reported adjusted EPS income of $0.47 per share. By that measure, the company beat the mean analyst estimate of $0.42. It beat the average revenue estimate of $531.74 million.

Quoting Management: David S. Congdon, President and Chief Executive Officer of Old Dominion, commented “Old Dominion’s strong financial and operating performance in a challenging operating environment reflects the dedication of the entire Old Dominion team and validates our value proposition and business model. We are confident in our proven ability to execute our growth strategies, win additional market share and outperform our industry. As a result, we look forward to the remainder of 2013 and our prospects for creating additional value for our shareholders.”

Key Stats (on next page)…

Revenue increased 1% from $527.35 million in the previous quarter. EPS increased 2.17% from $0.46 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.64 to a profit $0.63. For the current year, the average estimate has moved down from a profit of $2.3 to a profit of $2.26 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)