Here's What to Expect From Old Dominion’s Next Earnings Report

With a market cap of $29.7 billion, Old Dominion Freight Line, Inc. (ODFL) is a leading American transportation company specializing in regional, inter-regional, and national less-than-truckload (LTL) shipping, which involves combining smaller shipments from multiple customers onto a single truck. The company is highly regarded in the industry for its exceptional operational efficiency and premium service, consistently achieving high on-time delivery rates and an industry-low claims ratio through a single, integrated network of over 260 service centers.

ODFL is set to release its third-quarter results before the markets open on Wednesday, Oct. 29. Ahead of the event, analysts expect ODFL to report a non-GAAP profit of $1.23 per share, down 14% from $1.43 per share reported in the year-ago quarter. The company has matched or surpassed the Street’s earnings estimates in three of the past four quarters, while missing the forecast in the most recent quarter.