Countdown to Knight-Swift (KNX) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS

Core Viewpoint - Knight-Swift Transportation Holdings (KNX) is expected to report quarterly earnings of $0.25 per share, reflecting a year-over-year increase of 108.3%, while revenues are anticipated to decline by 0.9% to $1.81 billion [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 12.5%, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue and Key Metrics - Analysts estimate 'Revenue, excluding truckload and LTL fuel surcharge' at $1.60 billion, a year-over-year change of -0.8% [5]. - The 'Truckload and LTL fuel surcharge' is projected to reach $185.70 million, down 11.4% from the previous year [5]. - 'Operating revenue- LTL' is expected to be $337.40 million, reflecting a year-over-year increase of 19.6% [6]. - The consensus for 'Revenue, excluding fuel surcharge and intersegment transactions- Truckload Segment' is $1.05 billion, indicating a decline of 3.7% year-over-year [6]. Operating Ratios - The average 'Operating Ratio' is projected at 95.7%, improving from 98.9% in the same quarter last year [6]. - The 'Adjusted Operating Ratio' is expected to be 94.7%, compared to 96.8% in the previous year [7]. - For 'Adjusted Operating Ratio - Truckload', the estimate is 95.3%, down from 97.3% year-over-year [7]. - The 'Adjusted Operating Ratio - LTL' is projected at 93.4%, compared to 90% in the same quarter last year [8]. - The 'Adjusted Operating Ratio - Logistics' is expected to be 93.7%, down from 97.1% in the previous year [8]. Operational Metrics - The consensus for 'Average tractors - Truckload' is 21,818, down from 23,314 year-over-year [9]. - 'Load count - Intermodal' is expected to reach 38,120, an increase from 33,647 in the previous year [9]. - The 'Average revenue per load - Intermodal' is projected at $2,684.32, compared to $2,615 last year [9]. Market Performance - Knight-Swift shares have returned -11.3% over the past month, underperforming the Zacks S&P 500 composite, which declined by -5.6% [9].