Freight carrier Old Dominion (NASDAQ: ODFL) will be reporting earnings this Wednesday before market open. Here’s what to expect.

Old Dominion Freight Line missed analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $1.41 billion, down 6.1% year on year. It was a slower quarter for the company, with a slight miss of analysts’ revenue estimates and a miss of analysts’ EPS estimates.

Is Old Dominion Freight Line a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Old Dominion Freight Line’s revenue to decline 4.6% year on year to $1.40 billion, a further deceleration from the 3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.22 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Old Dominion Freight Line has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Old Dominion Freight Line’s peers in the ground transportation segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Avis Budget Group delivered year-on-year revenue growth of 1.1%, beating analysts’ expectations by 1.8%, and Covenant Logistics reported revenues up 3.1%, in line with consensus estimates. Covenant Logistics traded down 8.5% following the results.

Read our full analysis of Avis Budget Group’s results here and Covenant Logistics’s results here.

There has been positive sentiment among investors in the ground transportation segment, with share prices up 3.8% on average over the last month. Old Dominion Freight Line is down 3.4% during the same time and is heading into earnings with an average analyst price target of $159.59 (compared to the current share price of $136.23).

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