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Knightmare Or Knightlight? Why Knight-Swift Could Be Bottoming
Seeking Alpha· 2024-06-20 14:15
H 1988 i l II 10 - 0011 Fir 11 t Introduction It's time to discuss trucking. Data by YCharts What's Up With Trucking Full Truckload (FTL) Shipments TL Linehaul Index Full-truckload (FTL) is for shipments with enough volume to require a full truck of dedicated space A2Z Market Research Moreover: The Monday report noted "ongoing softness in for-hire demand" as loads normally pegged for the for-hire market are being insourced by private cariers. It also said shippers consolidating less-than-truckload shipments ...
Here's Why You Should Avoid Knight-Swift (KNX) Stock Now
ZACKS· 2024-06-06 16:45
Currently, Knight-Swift carries a Zacks Rank #5 (Strong Sell). Knight-Swift Transportation Holdings Inc. (KNX) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option. Knight-Swift exited the first quarter of 2024 with cash and cash equivalents of $204.76 million, which is lower than its long-term debt (excluding current maturities) of $1.19 billion. This implies that the company does not have enough cash to meet its debt obligations. Partly due to these h ...
Knight-Swift Transportation (KNX) - 2024 Q1 - Quarterly Report
2024-05-01 17:02
or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________________________________________________________________________________________________ FORM 10-Q ____________________________________________________________________________________________________________________________________________________ ...
Knight-Swift (KNX) Q1 Earnings & Revenues Miss Estimates
Zacks Investment Research· 2024-04-29 18:50
Knight-Swift Transportation Holdings Inc. (KNX) reported first-quarter 2023 adjusted earnings per share (EPS) of 12 cents, which missed the Zacks Consensus Estimate of 19 cents and declined 83.6% year over year.  Total revenues of $1,822.46 million missed the Zacks Consensus Estimate of $1,841.3 million but improved 11.3% year over year.Total operating expenses (on a reported basis) increased 20.7% year over year to $1.80 billion. Knight-Swift’s adjusted operating income fell 68.5% year over year.Segmental ...
Knight-Swift (KNX) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-04-25 01:30
For the quarter ended March 2024, Knight-Swift Transportation Holdings (KNX) reported revenue of $1.82 billion, up 11.3% over the same period last year. EPS came in at $0.12, compared to $0.73 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.84 billion, representing a surprise of -1.02%. The company delivered an EPS surprise of -36.84%, with the consensus EPS estimate being $0.19.While investors closely watch year-over-year changes in headline numbers -- revenue an ...
Knight-Swift Transportation Holdings (KNX) Q1 Earnings and Revenues Lag Estimates
Zacks Investment Research· 2024-04-24 22:16
Knight-Swift Transportation Holdings (KNX) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -36.84%. A quarter ago, it was expected that this trucking company would post earnings of $0.47 per share when it actually produced earnings of $0.09, delivering a surprise of -80.85%.Over the l ...
Knight-Swift Transportation (KNX) - 2024 Q1 - Quarterly Results
2024-04-24 20:04
Exhibit 99.1 Knight-Swift Transportation Holdings Inc. Reports First Quarter 2024 Revenue and Earnings • Results include a $19.5 million operating loss in third-party insurance business, which ceased operations at the end of the quarter Knight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift" or "the Company"), one of the largest and most diversified freight transportation companies, operating the largest full truckload fleet in North America, today reported first quarter 2024 net loss attribut ...
Insights Into Knight-Swift (KNX) Q1: Wall Street Projections for Key Metrics
Zacks Investment Research· 2024-04-23 14:21
Wall Street analysts expect Knight-Swift Transportation Holdings (KNX) to post quarterly earnings of $0.19 per share in its upcoming report, which indicates a year-over-year decline of 74%. Revenues are expected to be $1.84 billion, up 12.5% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 51.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before ...
Knight-Swift Transportation (KNX) - 2023 Q4 - Annual Report
2024-02-22 17:29
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________________________________________________________________________________________ FORM 10-K __________________________________________________________________________________________________________________________________________________________ (mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year en ...
Knight-Swift Transportation (KNX) - 2023 Q4 - Earnings Call Transcript
2024-01-25 01:51
Knight-Swift Transportation Holdings Inc. (NYSE:KNX) Q4 2023 Earnings Conference Call January 24, 2024 4:30 PM ET Company Participants Adam Miller - CFO and Treasurer David Jackson - President and CEO Conference Call Participants Jack Atkins - Stephens Ravi Shanker - Morgan Stanley Nathan Ho - Bank of America Merrill Lynch Bruce Chan - Stifel Jordan Alliger - Goldman Sachs Jason Seidl - TD Cowen Jeff Kauffman - Vertical Research Chris Wetherbee - Citigroup Scott Group - Wolfe Research Operator Good afternoo ...