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].

Industry Overview - The US trucking industry has faced significant challenges following a pandemic-driven boom that led to skyrocketing freight rates and an influx of new capacity, resulting in a downturn in the market [1] Market Dynamics - The low-barrier-to-entry nature of the trucking industry has exacerbated the current issues, as new entrants have contributed to oversupply [1]

Core Insights - J.B. Hunt Transport Services (JBHT) reported first-quarter 2025 earnings per share of $1.17, exceeding the Zacks Consensus Estimate of $1.15, although quarterly earnings declined 4.1% year over year due to weak freight demand and excess capacity [1][2] Financial Performance - Total operating revenues for the quarter were $2.92 billion, slightly above the Zacks Consensus Estimate but down 0.8% year over year, primarily due to a 5% decrease in average truck count in the Dedicated Contract Services unit and a 15% drop in stops in the Final Mile Services unit [2] - Total operating income decreased 8% year over year to $178.7 million [2] Segmental Highlights - The Intermodal division generated revenues of $1.47 billion, a 5% increase year over year, with intermodal volume rising 8% [3] - Dedicated Contract Services segment revenues fell 4% year over year to $822 million, impacted by a 5% decline in average trucks [4] - Integrated Capacity Solutions revenues decreased 6% year over year to $268 million, with segmental volumes down 13% [5] - Truckload revenues fell 7% year over year to $167 million, with load volumes increasing 2% [6] - Final Mile Services revenues dropped 12% year over year to $201 million, with operating income plunging 69% [8] Liquidity and Share Buyback - At the end of the first quarter of 2025, JBHT had cash and cash equivalents of $43 million and long-term debt of $880.2 million [9] - The company repurchased 1,400,000 shares for $234 million during the quarter, with approximately $650 million remaining under its share repurchase authorization [9]

Core Viewpoint - Knight-Swift Transportation Holdings is expected to report a year-over-year increase in earnings despite lower revenues, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is anticipated on April 23, 2025, with an expected EPS of $0.25, reflecting a +108.3% change year-over-year, while revenues are projected at $1.81 billion, down 0.9% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 12.49% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Knight-Swift is lower than the consensus estimate, resulting in an Earnings ESP of -2.25% [10][11]. Historical Performance - Knight-Swift has beaten consensus EPS estimates in two out of the last four quarters, with a recent surprise of +9.09% when it reported earnings of $0.36 against an expectation of $0.33 [12][13]. Investment Considerations - The combination of a negative Earnings ESP and a Zacks Rank of 4 indicates challenges in predicting an earnings beat for Knight-Swift, suggesting that investors should consider additional factors before making investment decisions [11][16].

Werner Enterprises (WERN) Q4 2024 Earnings Call February 06, 2025 05:00 PM ET Company Participants Chris Neil - Senior Vice President of Pricing and Strategic PlanningDerek Leathers - Chairman & CEOChris Wikoff - Executive VP, Treasurer & CFOAndrew Cox - Research AssociateJoe Enderlin - Senior Research AssociateKen Hoexter - Managing DirectorRavi Shanker - Managing Director Conference Call Participants Scott Group - MD & Senior AnalystChristian Wetherbee - Senior AnalystBrian Ossenbeck - MD - Senior Analyst ...