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

Knight-Swift Transportation Holdings

24/07/2024 22:02

* Knight-Swift Transportation Holdings Inc  KNX.N  reported
quarterly adjusted earnings of 24 cents​​ per share for the
quarter ended in June, lower than the same quarter last year,
when the company reported EPS of 49 cents.  The mean expectation
of seventeen analysts for the quarter was for earnings of 28
cents per share. Wall Street expected results to range from 26
cents to 29 cents per share.
    * Revenue rose 18.9% to $1.85 billion from a year ago;
analysts
expected $1.83 billion. 
    * Knight-Swift Transportation Holdings Inc's reported EPS
for the
quarter was 13 cents​.
    * The company reported quarterly net income of $20.3
million.
    * Knight-Swift Transportation Holdings Inc shares had fallen
by 1.0% this quarter and lost 14.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.2%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 8
"hold" and 1 "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 $55.50 
This summary was machine generated from LSEG data July 24 at
09:01 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
 Jun. 30 2024      0.28           0.24           Missed
 Mar. 31 2024      0.20           0.12           Missed
 Dec. 31 2023                     0.09           
 Sep. 30 2023      0.36           0.41           Beat