Subtext

Old Dominion Freight Line, Inc. ODFL

SectorIndustrials
Transcripts25
Date range2019-04-25 – 2025-04-23
Calls charted25

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-20-10+0+10+202019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1 · Overall: +6.52019 Q2 · Overall: +7.72019 Q3 · Overall: +6.62019 Q4 · Overall: +10.42020 Q1 · Overall: +3.62020 Q2 · Overall: +7.32020 Q3 · Overall: +14.72020 Q4 · Overall: +17.72021 Q1 · Overall: +14.72021 Q2 · Overall: +11.52021 Q3 · Overall: +12.02021 Q4 · Overall: +10.42022 Q1 · Overall: +1.12022 Q2 · Overall: +9.72022 Q3 · Overall: +6.02022 Q4 · Overall: +10.12023 Q1 · Overall: +2.82023 Q2 · Overall: +4.62023 Q3 · Overall: +11.52023 Q4 · Overall: +10.92024 Q1 · Overall: +1.12024 Q2 · Overall: +8.62024 Q3 · Overall: +7.62024 Q4 · Overall: +8.32025 Q1 · Overall: +11.4
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-36-18+0+18+362019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12024 Q2 · CEO: +20.52024 Q3 · CEO: +31.12019 Q1 · CFO: +9.52019 Q2 · CFO: +8.02019 Q3 · CFO: +9.02019 Q4 · CFO: +10.82020 Q1 · CFO: +7.42020 Q2 · CFO: +12.02020 Q3 · CFO: +16.82020 Q4 · CFO: +19.72021 Q1 · CFO: +20.72021 Q2 · CFO: +17.42021 Q3 · CFO: +16.72021 Q4 · CFO: +14.72022 Q1 · CFO: +15.12022 Q2 · CFO: +14.82022 Q3 · CFO: +9.92022 Q4 · CFO: +11.22023 Q1 · CFO: +2.12023 Q2 · CFO: +7.72023 Q3 · CFO: +12.82023 Q4 · CFO: +13.12024 Q1 · CFO: +13.42024 Q2 · CFO: +11.12024 Q3 · CFO: +9.22024 Q4 · CFO: +12.92025 Q1 · CFO: +14.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-36-18+0+18+362019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1 · Prepared remarks: +28.32019 Q2 · Prepared remarks: +22.62019 Q3 · Prepared remarks: +17.72019 Q4 · Prepared remarks: +11.42020 Q1 · Prepared remarks: +4.32020 Q2 · Prepared remarks: +19.22020 Q3 · Prepared remarks: +15.72020 Q4 · Prepared remarks: +20.12021 Q1 · Prepared remarks: +31.42021 Q2 · Prepared remarks: +18.12021 Q3 · Prepared remarks: +20.02021 Q4 · Prepared remarks: +17.52022 Q1 · Prepared remarks: +23.12022 Q2 · Prepared remarks: +26.92022 Q3 · Prepared remarks: +15.12022 Q4 · Prepared remarks: +22.42023 Q1 · Prepared remarks: +18.22023 Q2 · Prepared remarks: +14.62023 Q3 · Prepared remarks: +11.82023 Q4 · Prepared remarks: +19.52024 Q1 · Prepared remarks: +22.52024 Q2 · Prepared remarks: +17.62024 Q3 · Prepared remarks: +17.92024 Q4 · Prepared remarks: +9.82025 Q1 · Prepared remarks: +21.92019 Q1 · Q&A responses: +6.82019 Q2 · Q&A responses: +12.52019 Q3 · Q&A responses: +8.92020 Q2 · Q&A responses: +9.42020 Q4 · Q&A responses: +17.32021 Q1 · Q&A responses: +14.92021 Q2 · Q&A responses: +14.12021 Q3 · Q&A responses: +12.92021 Q4 · Q&A responses: +12.82022 Q1 · Q&A responses: +8.92022 Q2 · Q&A responses: +12.02022 Q3 · Q&A responses: +8.22022 Q4 · Q&A responses: +10.12023 Q1 · Q&A responses: +0.02023 Q2 · Q&A responses: +7.22023 Q3 · Q&A responses: +12.72023 Q4 · Q&A responses: +12.92024 Q1 · Q&A responses: +9.42024 Q2 · Q&A responses: +10.32024 Q3 · Q&A responses: +9.52024 Q4 · Q&A responses: +11.52025 Q1 · Q&A responses: +14.2
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$2.27$4.66$7.042019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1: $2.722019 Q2: $2.752019 Q3: $2.802019 Q4: $2.812020 Q1: $2.882020 Q2: $2.602020 Q3: $3.002020 Q4: $3.412021 Q1: $3.732021 Q2: $4.202021 Q3: $4.632021 Q4: $5.132022 Q1: $5.592022 Q2: $5.952022 Q3: $6.032022 Q4: $5.792023 Q1: $6.162023 Q2: $5.832023 Q3: $6.302023 Q4: $6.712024 Q1: $6.702024 Q2: $6.502024 Q3: $6.27

Forward P/E

15.8025.8235.842019 Q12020 Q12021 Q12022 Q12023 Q12024 Q12025 Q12019 Q1: 18.232019 Q2: 17.182019 Q3: 20.722019 Q4: 22.022020 Q1: 19.602020 Q2: 31.422020 Q3: 31.682020 Q4: 28.592021 Q1: 30.572021 Q2: 30.092021 Q3: 31.382021 Q4: 34.462022 Q1: 28.912022 Q2: 20.372022 Q3: 21.552022 Q4: 26.722023 Q1: 26.992023 Q2: 27.482023 Q3: 33.012023 Q4: 28.622024 Q1: 32.392024 Q2: 26.642024 Q3: 31.39

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2020 Q1 tone ↓ -6.8 fwd EPS ↑ +0.06 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +3.7 fwd EPS ↓ -0.27 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↓ -3.0 fwd EPS ↑ +0.32 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q2 tone ↓ -3.2 fwd EPS ↑ +0.47 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -9.4 fwd EPS ↑ +0.46 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -3.8 fwd EPS ↑ +0.08 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↑ +4.1 fwd EPS ↓ -0.24 Tone rose while the forward EPS estimate was cut.
  • 2023 Q1 tone ↓ -7.3 fwd EPS ↑ +0.37 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↑ +7.5 fwd EPS ↓ -0.19 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-23+11.4——View →
2024 Q42025-02-05+8.3——View →
2024 Q32024-10-23+7.6$6.2731.4View →
2024 Q22024-07-24+8.6$6.5026.6View →
2024 Q12024-04-24+1.1$6.7032.4View →
2023 Q42024-01-31+10.9$6.7128.6View →
2023 Q32023-10-25+11.5$6.3033.0View →
2023 Q22023-07-26+4.6$5.8327.5View →