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

Knight-Swift Transportation Holdings

24/04/2024 22:01

* Knight-Swift Transportation Holdings Inc  KNX.N  reported
quarterly adjusted earnings of 12 cents​​ per share for the
quarter ended in March, lower than the same quarter last year,
when the company reported EPS of 73 cents.  The mean expectation
of sixteen analysts for the quarter was for earnings of 20 cents
per share. Wall Street expected results to range from 11 cents
to 32 cents per share.
    * Revenue rose 11.3% to $1.82 billion from a year ago;
analysts
expected $1.82 billion. 
    * Knight-Swift Transportation Holdings Inc's reported EPS
for the
quarter was a loss of 2 cents​.
    * The company reported a quarterly loss of $2.64 million.
    * Knight-Swift Transportation Holdings Inc shares had fallen
by 10.5% this quarter and lost 14.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 50.8%
in the last three months.​ 
    * In the last 30 days, fifteen analysts negatively revised
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 6
"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 $57.00 
This summary was machine generated from LSEG data April 24 at
09:00 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
 Mar. 31 2024      0.20           0.12           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