Old Dominion Freight Line Third Quarter 2024 Earnings: Revenues Disappoint

Simply Wall St.10-24

Old Dominion Freight Line (NASDAQ:ODFL) Third Quarter 2024 Results Key Financial Results Revenue: US$1.47b (down 3.0% from 3Q 2023). Net income: US$308.6m (down 9.1% from 3Q 2023). Profit margin: 21%...

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Profit margin: 21% . The decrease in margin was driven by lower revenue.NasdaqGS:ODFL Earnings and Revenue Growth October 24th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 1.3%. Earnings per share  was mostly in line with analyst estimates.Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Transportation industry in the US.The company's shares are down 7.3% from a week ago.It's still necessary to consider the ever-present spectre of investment risk.   We've identified 1 warning sign  with Old Dominion Freight Line, and understanding this should be part of your investment process.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ODFL":"Old Dominion Freight Line"},"translate_title":"Old Dominion Freight Line 2024年第三季度收益：收入令人失望","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ODFL":0.9},"content_text":"Old Dominion Freight Line (NASDAQ:ODFL) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$1.47b (down 3.0% from 3Q 2023).\nNet income: US$308.6m (down 9.1% from 3Q 2023).\nProfit margin: 21% (down from 22% in 3Q 2023). The decrease in margin was driven by lower revenue.\nEPS: US$1.44 (down from US$1.55 in 3Q 2023).\n\n\n\n\n  NasdaqGS:ODFL Earnings and Revenue Growth October 24th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nOld Dominion Freight Line Revenues Disappoint\n Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) was mostly in line with analyst estimates. \n Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Transportation industry in the US. \nPerformance of the American Transportation industry.\n The company's shares are down 7.3% from a week ago. \nRisk Analysis\n It's still necessary to consider the ever-present spectre of investment risk.   We've identified 1 warning sign  with Old Dominion Freight Line, and understanding this should be part of your investment process. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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