Knight-Swift Transportation (US:KNX) ZACKSยท2024-10-23 23:36Core 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]