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Knight-Swift (KNX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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Knight-Swift Transportation Holdings (KNX - Free Report) reported $1.64 billion in revenue for the quarter ended March 2023, representing a year-over-year decline of 10.4%. EPS of $0.73 for the same period compares to $1.35 a year ago.
The reported revenue represents a surprise of -1.17% over the Zacks Consensus Estimate of $1.66 billion. With the consensus EPS estimate being $0.83, the EPS surprise was -12.05%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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 - Logistics: 90.4% compared to the 88.22% average estimate based on four analysts.
Adjusted Operating Ratio - LTL: 85.7% compared to the 86.08% average estimate based on four analysts.
Adjusted Operating Ratio: 88.7% versus 86.15% estimated by four analysts on average.
Adjusted Operating Ratio - Truckload: 86.6% versus 83.84% estimated by four analysts on average.
Truckload and LTL fuel surcharge: $186.64 million versus the four-analyst average estimate of $203.89 million. The reported number represents a year-over-year change of +4.2%.
Operating Revenue- Logistics: $138.28 million versus $176.01 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -51% change.
Revenue, excluding fuel surcharge and intersegment transactions- Truckload Segment: $865.98 million versus $896.35 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -8% change.
Revenue, excluding fuel surcharge- LTL Segment: $213.93 million compared to the $209.35 million average estimate based on three analysts.
Operating revenue- Intermodal: $110.57 million compared to the $102.55 million average estimate based on three analysts. The reported number represents a change of +1.2% year over year.
Revenue, excluding truckload and LTL fuel surcharge: $1.45 billion versus $1.52 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -12% change.
Operating Revenue- Truckload: $1.01 billion compared to the $1.04 billion average estimate based on three analysts. The reported number represents a change of -6.3% year over year.
Operating revenue- LTL: $255.30 million compared to the $248.66 million average estimate based on three analysts. The reported number represents a change of +0.1% year over year.
Shares of Knight-Swift have returned +4.2% over the past month versus the Zacks S&P 500 composite's +0.6% 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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Knight-Swift (KNX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Knight-Swift Transportation Holdings (KNX - Free Report) reported $1.64 billion in revenue for the quarter ended March 2023, representing a year-over-year decline of 10.4%. EPS of $0.73 for the same period compares to $1.35 a year ago.
The reported revenue represents a surprise of -1.17% over the Zacks Consensus Estimate of $1.66 billion. With the consensus EPS estimate being $0.83, the EPS surprise was -12.05%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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 - Logistics: 90.4% compared to the 88.22% average estimate based on four analysts.
- Adjusted Operating Ratio - LTL: 85.7% compared to the 86.08% average estimate based on four analysts.
- Adjusted Operating Ratio: 88.7% versus 86.15% estimated by four analysts on average.
- Adjusted Operating Ratio - Truckload: 86.6% versus 83.84% estimated by four analysts on average.
- Truckload and LTL fuel surcharge: $186.64 million versus the four-analyst average estimate of $203.89 million. The reported number represents a year-over-year change of +4.2%.
- Operating Revenue- Logistics: $138.28 million versus $176.01 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -51% change.
- Revenue, excluding fuel surcharge and intersegment transactions- Truckload Segment: $865.98 million versus $896.35 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -8% change.
- Revenue, excluding fuel surcharge- LTL Segment: $213.93 million compared to the $209.35 million average estimate based on three analysts.
- Operating revenue- Intermodal: $110.57 million compared to the $102.55 million average estimate based on three analysts. The reported number represents a change of +1.2% year over year.
- Revenue, excluding truckload and LTL fuel surcharge: $1.45 billion versus $1.52 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -12% change.
- Operating Revenue- Truckload: $1.01 billion compared to the $1.04 billion average estimate based on three analysts. The reported number represents a change of -6.3% year over year.
- Operating revenue- LTL: $255.30 million compared to the $248.66 million average estimate based on three analysts. The reported number represents a change of +0.1% year over year.
View all Key Company Metrics for Knight-Swift here>>>Shares of Knight-Swift have returned +4.2% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.