Knight-Swift Transportation Holdings Inc reports results for the quarter ended in December - Earnings Summary

Knight-Swift Transportation Holdings

24/01/2024 22:02

* Knight-Swift Transportation Holdings Inc  KNX.N  reported
quarterly adjusted earnings of 9 cents​​ per share for the
quarter ended in December, lower than the same quarter last
year, when the company reported EPS of $1.00.  The mean
expectation of eighteen analysts for the quarter was
for earnings of 44 cents per share. Wall Street expected
results to range from 37 cents to 48 cents per share.
    * Revenue rose 10.8% to $1.93 billion from a year ago;
analysts
expected $1.97 billion. 
    * Knight-Swift Transportation Holdings Inc's reported EPS
for the
quarter was a loss of 7 cents​.
    * The company reported a quarterly loss of $10.66 million.
    * Knight-Swift Transportation Holdings Inc shares had fallen
by 1.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.5%
in the last three months.​ 
    * In the last 30 days, ten analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the ground
freight &
logistics peer group is also "buy"

Wall Street's median 12-month price target for Knight-Swift
Transportation Holdings Inc is $64.00 
This summary was machine generated from LSEG data January 24 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.44           0.09           Missed
 Sep. 30 2023      0.36           0.41           Beat
 Jun. 30 2023      0.55           0.49           Missed
 Mar. 31 2023      0.81           0.73           Missed