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Valued at a market cap of around $41 billion, Old Dominion Freight Line, Inc. (ODFL) operates as a less-than-truckload (LTL) motor carrier that offers regional, inter-regional, national LTL services, and expedited transportation services. The Thomasville, North Carolina-based company also offers a range of value-added services, including container drayage, truckload brokerage, and supply chain consulting, and is expected to announce its fiscal Q3 earnings results before the market opens on Wednesday, Oct. 23.
Ahead of this event, analysts project the transportation company to report a profit of $1.46 per share, down 5.2% from $1.54 per share in the year-ago quarter. However, the company has consistently surpassed Wall Street's bottom-line estimates in each of the last four quarters. In Q2, the company reported an EPS of $1.48, which topped the consensus estimates by almost 2.1%.