![]() On the other hand, the stock currently carries a Zacks Rank of #3. This has resulted in an Earnings ESP of +0.42%. How Have the Numbers Shaped Up for Old Dominion?įor Old Dominion, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. However, the model's predictive power is significant for positive ESP readings only.Ī positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Our proprietary surprise prediction model - the Zacks Earnings ESP (Expected Surprise Prediction) - has this insight at its core. ![]() Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.Įstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. The consensus EPS estimate for the quarter has been revised 0.6% higher over the last 30 days to the current level. Revenues are expected to be $1.64 billion, up 24.3% from the year-ago quarter. This trucking company is expected to post quarterly earnings of $3.10 per share in its upcoming report, which represents a year-over-year change of +34.2%. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. On the other hand, if they miss, the stock may move lower. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 27. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. Must be available for work at all times in order to meet customer pickup and delivery schedules.The market expects Old Dominion Freight Line (ODFL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2022.Must satisfactorily pass the orientation/training program instructions by an Old Dominion qualified driver trainer.Must satisfactorily pass an alcohol test (if applicable).Must meet or exceed the medical standards of the US Department of Transportation.Must be available for around-the-clock trips to accommodate freight movements and must be able to be away from home for extended periods of time.Must have knowledge of DOT regulations governing safe driving, hours of service, inspection and maintenance, and extended periods, of time.Must have working knowledge of vehicle safety and control systems.Must have the ability to properly operate hand held mini-computer when required.Must have the ability to read, write and understand English, and perform simple mathematical calculations with mental ability to handle receipts, read maps, road signs, maintain logs, etc.Must have 12 months previous tractor trailer driving experience and/or be a graduate of a State Certified and Licensed truck driving school, acceptable to Old Dominion and/or have satisfactorily completed the Old Dominion truck driver training program (ODTDT 8/88).Must possess a valid commercial driver's license with hazmat, doubles, triples and tanker endorsements.Must be able to read, write and speak English.
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