A month has gone by since the last earnings report for Knight-Swift Transportation Holdings (KNX) . Shares have added about 8.2% in that time frame, outperforming 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 Beat in Q3Knight-Sw ...

Core Insights - Knight-Swift Transportation Holdings reported a revenue of $1.88 billion for the quarter ended September 2024, reflecting a year-over-year decline of 7.1% and an EPS of $0.34 compared to $0.41 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $1.95 billion by 3.75%, while the EPS exceeded the consensus estimate of $0.33 by 3.03% [1] Financial Performance Metrics - Operating Ratio was reported at 95.7%, higher than the average estimate of 94.9% based on five analysts [2] - Adjusted Operating Ratio for Truckload was 93.9%, slightly above the average estimate of 93.7% [2] - Adjusted Operating Ratio for LTL was 89.6%, compared to the estimated 88% [2] - Revenue excluding truckload and LTL fuel surcharge showed a year-over-year decline of 5.3% [2] - Truckload and LTL fuel surcharge revenue decreased by 20% year-over-year [2] - Operating revenue for Intermodal was reported at $1.68 billion, below the estimated $1.74 billion, representing a 1.4% year-over-year change [2] - Revenue for the Truckload Segment was $1.11 billion, reflecting a year-over-year decline of 6.2% compared to the average estimate of $1.17 billion [2] - LTL Segment revenue excluding fuel surcharge increased by 16.8% year-over-year, reported at $280.18 million against an estimate of $292.14 million [2] - Operating revenue for LTL was $325.41 million, slightly above the average estimate of $321.39 million [2] - Operating revenue for Truckload was reported at $1.26 billion, below the two-analyst average estimate of $1.33 billion [2] Stock Performance - Knight-Swift shares have returned -1.5% over the past month, while the Zacks S&P 500 composite increased by 2.7% [2] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [2]

Exhibit 99.1 October 23, 2024 Phoenix, Arizona Knight-Swift Transportation Holdings Inc. Reports Third Quarter 2024 Revenue and Earnings 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 third quarter 2024 net income attributable to Knight-Swift of $30.5 million and Adjusted Net Income Attributable to Knight-Swift of $54. ...

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 ...

Core Viewpoint - KnightSwift Transportation (KNX) has experienced a significant decline in share price, down 49.5% year-to-date, contrasting sharply with the broader market performance, including a 17.9% rise in the S&P 500 index [1] Financial Performance - The Zacks Consensus Estimate for KNX's 2024 earnings is projected at $1.12 per share, reflecting a 35% decline from 2023's actual earnings [3] - Revenue estimates for 2024 stand at $7.61 billion, indicating a 3.5% decrease from the previous year [3] - Current-quarter earnings are estimated at 35 cents per share, representing a 14.6% year-over-year decline, while revenues are expected to be $1.95 billion, also down 3.5% year-over-year [4] Growth Challenges - Weak freight demand is negatively impacting revenues, compounded by high operational costs related to driver wages, equipment, maintenance, and fuel [4] - The company's liquidity position is concerning, with cash and cash equivalents of $336 million and a current ratio of 0.88, indicating insufficient cash to meet current debt obligations [5] - The times interest earned ratio of 1.5 is significantly lower than the industry average of 9, highlighting financial strain [5] Positive Developments - KnightSwift reported an 18.9% year-over-year increase in revenues for Q2 2024, largely driven by the acquisition of U.S. Xpress Enterprises, effective July 1, 2023 [6] - Revenues, excluding truckload and LTL fuel surcharge, grew 18.1% year-over-year to $1.64 billion [6] - The Less-Than-Truckload segment generated revenues of $263.09 million in Q2 2024, up 15.1% year-over-year [7] Overall Outlook - Despite some areas of strength, projected declines in earnings and revenues, along with liquidity concerns, suggest that KnightSwift may face challenges in maintaining its growth momentum [8]

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 ...

Core Viewpoint - Knight-Swift Transportation Holdings (KNX) is positioned for growth, with 2Q24 earnings indicating a potential inflection point in earnings growth, supported by revenue trends, macroeconomic indicators, and management insights [2][4]. Business Overview - KNX operates primarily in the North American truckload market, with trucking accounting for 66% of revenue, followed by less-than-truckload (15%), logistics (8%), and intermodal (6%) [3]. - In 2Q24, KNX's revenue grew by 18.9% year-over-year, reaching $1.85 billion, while operating income increased approximately 72% sequentially from $51 million in 1Q24 to $89 million in 2Q24 [3]. - Excluding a $12.5 million auto liability claim charge, the earnings per share (EPS) would have exceeded consensus estimates [3]. Signs of Growth - Total revenue growth excluding fuel surcharge has accelerated, suggesting potential for continued growth in the upcoming quarters [5]. - Utilization rates have improved, with average miles per tractor increasing from 19,894 to 20,518, indicating operational efficiency [5]. - Positive macroeconomic indicators, such as an expected interest rate cut in 2H24 and strong US GDP growth, support a favorable outlook for the trucking industry [5][6]. - Retailers are approaching restocking levels, which is likely to increase logistical demand [6]. Strategic Initiatives - KNX has expanded its door count by 22% since the beginning of the year, positioning the company to benefit from increased demand [6]. - The acquisition of DHE enhances KNX's market presence, particularly in California, and provides additional less-than-truckload facilities [6]. - Management has noted a healthy demand for capacity, with customers securing additional capacity to support elevated volumes, indicating a potential industry turnaround [6]. Valuation - A forward price-to-earnings (PE) model suggests an upside potential of 48% by FY25, driven by expected strong earnings growth [7]. - The price target for KNX is set at $77, based on consensus FY25 EPS estimates and historical valuation metrics [7].

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) ...