Wall Street analysts forecast that Knight-Swift Transportation Holdings (KNX) will report quarterly earnings of $0.33 per share in its upcoming release, pointing to a year-over-year decline of 19.5%. It is anticipated that revenues will amount to $1.95 billion, exhibiting a decline of 3.5% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 9.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a ...

Leasing and Service Agreement Expected to Provide Long-Term Recurring Revenue Stream to CleanCore Initial Implementation of CleanCore Products Expected to Drive Sustainability Across Key Knight-Swift Facilities Omaha, NE, Oct. 17, 2024 (GLOBE NEWSWIRE) -- CleanCore Solutions, Inc. (NYSE American: ZONE) ("CleanCore" or the "Company"), developer of patented technology that works as a safe and low-cost replacement for traditional cleaning chemicals, today announced that it has commenced the initial roll-out of ...

The market expects Knight-Swift Transportation Holdings (KNX) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which ...

Knight-Swift Transportation Holdings Inc. (KNX) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option. Let's delve deeper. Southward Earnings Estimate Revision:The Zacks Consensus Estimate for third-quarter 2024 earnings has been revised 10.2% downward over the past 90 days. For 2024, the consensus mark for earnings has moved 13.4% south in the same time frame. The bearish alterations in estimate revisions underscore a notable decline in brokers' confide ...

KnightSwift Transportation (KNX) shares have declined 49.5% on a year-to-date basis compared to the industry's 5.9% fall. The S&P 500 composite index rose 17.9% in the same time frame, while the Zacks Transportation sector gained 1.8%. This North America's largest and most diversified freight transportation company currently has a market capitalization of $8.35 billion. KNX presently carries a Zacks Rank #3 (Hold). The company has a disappointing track record of missing estimates in three of the trailing fo ...

A month has gone by since the last earnings report for Knight-Swift Transportation Holdings (KNX) . Shares have added about 2.8% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Knight-Swift due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Earnings Miss in Q2 Knigh ...

thitivong Investment Summary My recommendation for Knight-Swift Transportation Holdings (NYSE:KNX) is a buy rating. I believe 2Q24 earnings showed further signs that a growth inflection is near the corner, as seen from the revenue growth trends, macro indicators, and management comments. Growth and M&A initiatives should also drive growth. Business Overview KNX is a general commodities truckload [TL] operator in North America for short- to medium-haul. Segment wise, KNX's main business segment is trucking ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________________________________________________________________________________________________ FORM 10-Q _________________________________________________________________________________________________________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended J ...

United Airlines Holdings, Inc. (UAL) reported second-quarter 2024 earnings per share (excluding 18 cents from non-recurring items) of $4.14, which surpassed the Zacks Consensus Estimate of $3.97. Earnings decreased 17.7% on a year-over-year basis. Operating revenues of $14.98 billion missed the Zacks Consensus Estimate of $15.13 billion. The top line increased 5.7% year over year due to upbeat air-travel demand. This was driven by a 5.2% rise in passenger revenues (which accounted for 91.2% of the top line) ...

Financial Data and Key Metrics Changes - Revenue increased by 11.8% year-over-year, driven by an increase in revenue per load despite a flat load count, reflecting the inclusion of U.S. Xpress in the current quarter [3][4] - Revenue per load increased by 10.8% year-over-year in the second quarter, representing a 4.6% increase from the previous quarter [4] - Operating income within All Other Segments was $3.9 million, marking the first operating profit for this category in seven quarters [11] Business Line Data and Key Metrics Changes - In the Intermodal business, load count grew sequentially by 10.8% while maintaining stable revenue per load, improving the operating ratio by 380 basis points over the first quarter [7] - The Truckload segment is expected to see slight revenue growth in the third and fourth quarters, with sequential improvements in operating margins [14] - The LTL segment anticipates low double-digit percent growth in revenue year-over-year, with mid-single-digit percent improvement in shipment count [16] Market Data and Key Metrics Changes - The logistics business is expected to face challenges in a down market but has significant runway for growth as market conditions improve [2][22] - The company expects sequential volume growth in the second half based on progress in the bid season, which should help diversify the business mix and reduce costs [9] Company Strategy and Development Direction - The company aims to leverage its power-only capabilities to complement asset businesses and enhance returns on capital assets [5] - There is a focus on both organic and inorganic growth, particularly in the LTL segment, with plans to fill regional gaps through acquisitions [67][70] - The company is positioned to endure a difficult market and is prepared to improve margins and cash flow when market conditions inflect [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about nearing a balanced market, with expectations for improved operating ratios in the upcoming quarters [29][30] - The company is monitoring various data points, including freight behavior outside of seasonal patterns, to gauge market conditions [74] - Management highlighted the importance of customer discussions and inventory levels as indicators of market confidence [55] Other Important Information - The company does not anticipate significant changes in the tax rate in the near term, as lower operating income has impacted the effective tax rate [83] - Equipment gains are projected to be in the range of $5 million to $10 million per quarter [19] Q&A Session Summary Question: Truckload outlook for Q3 and Q4 - Management noted that the market is getting closer to balance, with expectations for improved operating ratios and potential rate increases in the next bid season [27][30] Question: Spot rates and market conditions - Management acknowledged the discrepancy between their confidence in market recovery and low spot rates, attributing their outlook to internal data and customer discussions [42][49] Question: U.S. Xpress performance and market support - Management indicated that U.S. Xpress has made progress primarily through self-help, with expectations for further improvement as market conditions strengthen [104][108] Question: LTL segment growth and capacity filling - Management discussed the strategy for filling new capacity through existing customer relationships and competitive pricing, emphasizing a cautious approach to growth [112][118]