Countdown to Knight-Swift (KNX) Q2 Earnings: Wall Street Forecasts for Key Metrics

Core Viewpoint - Analysts expect Knight-Swift Transportation Holdings (KNX) to report quarterly earnings of $0.34 per share, reflecting a year-over-year increase of 41.7%, with revenues projected at $1.87 billion, up 1.2% from the previous year [1]. Earnings Estimates - Revisions to earnings estimates are crucial for predicting investor actions, with empirical research showing a strong correlation between earnings estimate trends and short-term stock performance [2]. - The consensus EPS estimate has been revised 5.1% lower over the last 30 days, indicating a collective reevaluation by analysts [1]. Revenue Projections - Revenue, excluding truckload and LTL fuel surcharge, is projected to reach $1.67 billion, indicating a year-over-year change of +1.8% [4]. - Truckload and LTL fuel surcharge is expected to be $194.42 million, reflecting a decrease of -5.1% from the year-ago quarter [4]. Operating Revenue and Ratios - Analysts estimate 'Operating revenue- LTL' at $383.17 million, a +25% increase from the previous year [5]. - The average prediction for 'Revenue, excluding fuel surcharge- LTL Segment' is $330.41 million, indicating a +25.6% change from the prior-year quarter [5]. - The consensus estimate for 'Adjusted Operating Ratio' is 93.6%, compared to 94.6% from the previous year [5]. Additional Metrics - 'Operating Ratio' is forecasted to reach 94.7%, down from 96.6% year-over-year [6]. - 'Adjusted Operating Ratio - Logistics' is expected to be 95.8%, slightly up from 95.5% last year [6]. - 'Adjusted Operating Ratio - Truckload' is estimated at 94.1%, down from 97.2% in the same quarter last year [6]. - 'Adjusted Operating Ratio - LTL' is projected at 92.2%, compared to 85.9% from the previous year [7]. - Average revenue per load - Intermodal is expected to be $2619.25, slightly up from $2615.00 year-over-year [7]. - Average tractors - Truckload is forecasted to be 21,374, down from 22,828 in the same quarter last year [7]. - Load count - Intermodal is expected to reach 35,366, down from 37,290 in the same quarter last year [8]. Stock Performance - Over the past month, Knight-Swift shares have recorded returns of +0.9%, compared to the S&P 500 composite's +5.9% change [8].