Core Insights - Old Dominion Freight Line (ODFL) reported revenue of $1.39 billion for Q4 2024, reflecting a year-over-year decline of 7.3% and an EPS of $1.23 compared to $1.47 a year ago, with a slight revenue surprise of +0.40% and an EPS surprise of +5.13% [1] Financial Performance Metrics - Operating Ratio was reported at 75.9%, better than the estimated 76% by analysts [4] - LTL tonnage per day was 34.35 Kton/D, slightly below the average estimate of 34.5 Kton/D [4] - LTL shipments per day were 45.76 thousand, compared to the estimated 46.3 thousand [4] - LTL revenue per hundredweight was $32.10, lower than the average estimate of $32.43 [4] - LTL revenue per hundredweight, excluding fuel surcharges, was $27.52, slightly above the estimate of $27.42 [4] - Total revenue from LTL services was $1.37 billion, matching the average estimate, but representing a year-over-year decline of 7.4% [4] - Total revenue from other services was $13.53 million, below the average estimate of $18.82 million, indicating a year-over-year change of -3.8% [4] Stock Performance - Shares of Old Dominion have returned +1.7% over the past month, aligning with the Zacks S&P 500 composite's +1.7% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]

Core Viewpoint - Old Dominion Freight Line (ODFL) reported quarterly earnings of $1.23 per share, exceeding the Zacks Consensus Estimate of $1.17 per share, but down from $1.47 per share a year ago, indicating a 16.3% year-over-year decline in earnings [1][2] Financial Performance - The company achieved revenues of $1.39 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.40%, but down from $1.5 billion in the same quarter last year, reflecting a 7.3% year-over-year decrease [2] - Over the last four quarters, Old Dominion has surpassed consensus EPS estimates three times, but has only topped consensus revenue estimates once [2] Stock Performance - Old Dominion shares have increased approximately 4.1% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future due to unfavorable estimate revisions [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.17 on revenues of $1.41 billion, while for the current fiscal year, the estimate is $5.76 on revenues of $6.11 billion [7] - The outlook for the Transportation - Truck industry is concerning, as it ranks in the bottom 11% of over 250 Zacks industries, which may negatively impact stock performance [8]

Financial Performance - Fourth quarter 2024 diluted earnings per share were $1.23, a decrease of 16.3% compared to $1.47 in Q4 2023[3] - Total revenue for Q4 2024 was $1,385.8 million, down 7.3% from $1,495.5 million in Q4 2023; for the full year, revenue decreased by 0.9% to $5,814.8 million[3] - LTL services revenue in Q4 2024 was $1,372.3 million, a decline of 7.4% year-over-year; for the full year, LTL revenue decreased by 0.8% to $5,761.1 million[3] - Operating income for Q4 2024 was $334.0 million, down 20.7% from $421.0 million in Q4 2023; full-year operating income decreased by 5.9% to $1,544.0 million[3] - Net income for Q4 2024 was $263.1 million, an 18.5% decrease from $322.8 million in Q4 2023; full-year net income decreased by 4.3% to $1,186.1 million[3] Operating Metrics - The operating ratio increased by 410 basis points to 75.9% in Q4 2024, reflecting the impact of revenue decline on operating expenses[6] - Total operating expenses for Q4 2024 were $1,051,809, representing 75.9% of revenue, up from 71.8% in Q4 2023[17] - The operating ratio for Q4 2024 was 75.9%, compared to 71.8% in Q4 2023[21] - LTL shipments in Q4 2024 were 2,837, down 6.1% from 3,021 in Q4 2023[21] - LTL revenue per hundredweight for Q4 2024 was $32.10, a slight decrease of 0.4% from $32.23 in Q4 2023[21] Cash Flow and Capital Expenditures - Cash provided by operating activities was $401.1 million for Q4 2024 and $1.7 billion for the full year[7] - Capital expenditures for Q4 2024 totaled $170.9 million, with full-year expenditures at $771.3 million; projected capital expenditures for 2025 are approximately $575 million[8] Shareholder Returns - The quarterly cash dividend was increased by 7.7% to $0.28 per share, payable on March 19, 2025[10] - The company repurchased $967.3 million in shares during the year, including a $200.0 million accelerated share repurchase agreement settled in Q4 2024[9] Balance Sheet - Cash and cash equivalents decreased to $108,676 as of December 31, 2024, from $433,799 in 2023[24] - Total assets as of December 31, 2024, were $5,491,395, slightly down from $5,512,393 in 2023[24] Employee Metrics - Average active full-time employees decreased to 22,032 in Q4 2024, a decline of 3.4% from 22,814 in Q4 2023[21]

Company Overview - Old Dominion Freight Line (ODFL) is expected to report a year-over-year decline in earnings, with a projected EPS of $1.17, reflecting a decrease of 20.4% [3] - Revenues are anticipated to be $1.38 billion, down 7.7% from the same quarter last year [3] Earnings Expectations - The consensus EPS estimate has been revised 2.06% lower in the last 30 days, indicating a reassessment by analysts [4] - The upcoming earnings report is scheduled for February 5, and the stock may react positively if actual results exceed expectations [2][3] Earnings Surprise Prediction - The Most Accurate Estimate for Old Dominion is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.15% [10][11] - However, the stock carries a Zacks Rank of 4, which complicates the prediction of an earnings beat [11] Historical Performance - In the last reported quarter, Old Dominion met the expected EPS of $1.43, showing no surprise [12] - Over the past four quarters, the company has beaten consensus EPS estimates three times [13] Industry Context - In the Zacks Transportation - Truck industry, Saia (SAIA) is expected to post earnings of $2.79 per share, indicating a year-over-year change of -16.2% [17] - Saia's revenue is projected to be $782.07 million, up 4.1% from the previous year [17] - Saia has an Earnings ESP of 0.28% and a Zacks Rank of 3, suggesting a likelihood of beating the consensus EPS estimate [18]

Old Dominion Freight Line (ODFL) is scheduled to report fourth-quarter 2024 results on Feb. 5, before market open.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for ODFL’s fourth-quarter 2024 earnings per share has been revised downward by 0.9% in the past 60 days to $1.17 per share. However, the consensus mark implies a 20.4% decline from the year-ago actuals. The Zacks Consensus Estimate for ODFL’s fourth-quarter 2024 revenues is pegged at $1.38 billion ...

There are many views in the market today regarding the new potential tariffs being planned by the newly elected United States administration. Economists collectively agree that these tariffs will lead to a new wave of inflation in the economy, as the price of everyday goods will increase significantly. While sound theories lead to this conclusion, there’s another side to this coin. If economists were right in their assumptions, at least regularly, they would be the ones running the hedge funds and investmen ...

Old Dominion Freight Line, Inc. (ODFL) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option.Let’s delve deeper.Southward Earnings Estimate Revision:The Zacks Consensus Estimate for fourth-quarter 2024 earnings has been revised 15.6% downward over the past 90 days. For 2024, the consensus mark for earnings has moved 4.4% south in the same time frame. The bearish alterations in estimate revisions underscore a notable decline in brokers' confidence in the ...

In a commodity business, the one thing that can set you apart is operational excellence. Some companies have brand value, some companies have a patent, others have a differentiated product, but in a commodity market, where the product is broadly uniform, pricesI am a UK-based long-only investor with a strategy which revolves around finding companies which can be multi-baggers over a 5-10 year time horizon, though, as a great man once said, my favourite holding period is forever. I am looking for companies t ...

Old Dominion Freight Line’s (ODFL) third-quarter 2024 earnings per share of $1.43 was in line with the Zacks Consensus Estimate but decreased 7.1% year over year. Management has stated that all per-share data, even for the prior-year period, have been adjusted to reflect the two-for-one stock split. The stock split was announced by ODFL in the first quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues of $1.47 billion fell short of the Zacks Consensus Estimate of $1.51 bil ...

For the quarter ended September 2024, Old Dominion Freight Line (ODFL) reported revenue of $1.47 billion, down 3% over the same period last year. EPS came in at $1.43, compared to $1.55 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.51 billion, representing a surprise of -2.80%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.43.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...