For the quarter ended March 2024, Knight-Swift Transportation Holdings (KNX - Free Report) reported revenue of $1.82 billion, up 11.3% over the same period last year. EPS came in at $0.12, compared to $0.73 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.84 billion, representing a surprise of -1.02%. The company delivered an EPS surprise of -36.84%, with the consensus EPS estimate being $0.19.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Knight-Swift performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Adjusted Operating Ratio - Truckload: 97.3% compared to the 94.7% average estimate based on four analysts.
- Adjusted Operating Ratio - LTL: 90% versus 86.3% estimated by four analysts on average.
- Adjusted Operating Ratio - Logistics: 97.1% compared to the 92.8% average estimate based on four analysts.
- Adjusted Operating Ratio: 96.8% versus the four-analyst average estimate of 95%.
- Revenue, excluding truckload and LTL fuel surcharge: $1.61 billion versus the four-analyst average estimate of $1.55 billion. The reported number represents a year-over-year change of +11.2%.
- Truckload and LTL fuel surcharge: $209.65 million compared to the $209.49 million average estimate based on four analysts. The reported number represents a change of +12.3% year over year.
- Operating Revenue- Logistics: $126.73 million versus the three-analyst average estimate of $148.85 million. The reported number represents a year-over-year change of -8.4%.
- Revenue, excluding fuel surcharge and intersegment transactions- Truckload Segment: $1.09 billion versus the three-analyst average estimate of $950.86 million. The reported number represents a year-over-year change of +26.3%.
- Operating Revenue- Truckload: $1.26 billion compared to the $1.26 billion average estimate based on three analysts. The reported number represents a change of +24.8% year over year.
- Operating revenue- LTL: $282.12 million versus $285.16 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.5% change.
- Revenue, excluding fuel surcharge- LTL Segment: $240.99 million versus $233.51 million estimated by three analysts on average.
- Operating revenue- Intermodal: $87.99 million versus $95.66 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -20.4% change.
View all Key Company Metrics for Knight-Swift here>>>Shares of Knight-Swift have returned -6.6% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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For the quarter ended March 2024, Knight-Swift Transportation Holdings (KNX - Free Report) reported revenue of $1.82 billion, up 11.3% over the same period last year. EPS came in at $0.12, compared to $0.73 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.84 billion, representing a surprise of -1.02%. The company delivered an EPS surprise of -36.84%, with the consensus EPS estimate being $0.19.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Knight-Swift performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Adjusted Operating Ratio - Truckload: 97.3% compared to the 94.7% average estimate based on four analysts.
- Adjusted Operating Ratio - LTL: 90% versus 86.3% estimated by four analysts on average.
- Adjusted Operating Ratio - Logistics: 97.1% compared to the 92.8% average estimate based on four analysts.
- Adjusted Operating Ratio: 96.8% versus the four-analyst average estimate of 95%.
- Revenue, excluding truckload and LTL fuel surcharge: $1.61 billion versus the four-analyst average estimate of $1.55 billion. The reported number represents a year-over-year change of +11.2%.
- Truckload and LTL fuel surcharge: $209.65 million compared to the $209.49 million average estimate based on four analysts. The reported number represents a change of +12.3% year over year.
- Operating Revenue- Logistics: $126.73 million versus the three-analyst average estimate of $148.85 million. The reported number represents a year-over-year change of -8.4%.
- Revenue, excluding fuel surcharge and intersegment transactions- Truckload Segment: $1.09 billion versus the three-analyst average estimate of $950.86 million. The reported number represents a year-over-year change of +26.3%.
- Operating Revenue- Truckload: $1.26 billion compared to the $1.26 billion average estimate based on three analysts. The reported number represents a change of +24.8% year over year.
- Operating revenue- LTL: $282.12 million versus $285.16 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.5% change.
- Revenue, excluding fuel surcharge- LTL Segment: $240.99 million versus $233.51 million estimated by three analysts on average.
- Operating revenue- Intermodal: $87.99 million versus $95.66 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -20.4% change.
View all Key Company Metrics for Knight-Swift here>>>Shares of Knight-Swift have returned -6.6% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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