Knight-Swift (KNX) to Report Q4 Earnings with EPS Estimate of $0.35 and Revenue of $1.9B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Earnings Announcement: Knight-Swift Transportation Holdings Inc. is set to release its Q4 2023 earnings on January 21 after market close, with consensus EPS estimate at $0.35, reflecting a 2.8% year-over-year decline, and revenue expected at $1.9 billion, indicating a 2.2% year-over-year increase.
- Historical Performance: Over the past two years, Knight-Swift has exceeded EPS estimates 63% of the time and revenue estimates 50% of the time, demonstrating a degree of stability in its financial performance.
- Estimate Revisions: In the last three months, there have been no upward revisions to EPS estimates, with 13 downward adjustments, while revenue estimates saw 7 upward and 7 downward revisions, indicating market caution regarding the company's future performance.
- Future Outlook: Knight-Swift projects an adjusted EPS of $0.34 to $0.40 for Q4, driven by LTL network growth that enhances margins, highlighting the company's potential for growth in the current market environment.
Analyst Views on KNX
Wall Street analysts forecast KNX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KNX is 58.23 USD with a low forecast of 47.00 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
10 Buy
3 Hold
0 Sell
Strong Buy
Current: 56.650
Low
47.00
Averages
58.23
High
70.00
Current: 56.650
Low
47.00
Averages
58.23
High
70.00
About KNX
Knight-Swift Transportation Holdings Inc. is a diversified freight transportation company. The Company is engaged in providing multiple truckload transportation and logistics services as well as less-than-truckload (LTL) services. It uses a nationwide network of business units and terminals in the United States and Mexico to serve customers throughout North America. The Truckload segment consists of an irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations. The LTL segment operates approximately 3,569 tractors and 9,564 trailers and includes national coverage to customers by utilizing partner carriers for areas outside of its direct network. Logistics and Intermodal segments provide a multitude of shipping solutions, including additional sources of truckload capacity and alternative transportation modes, by utilizing its network of third-party capacity providers and rail providers, as well as certain logistics and freight management services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
