We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Knight-Swift (KNX) Reports Q3 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Knight-Swift Transportation Holdings (KNX - Free Report) reported $1.88 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 7.1%. EPS of $0.34 for the same period compares to $0.41 a year ago.
The reported revenue represents a surprise of -3.75% over the Zacks Consensus Estimate of $1.95 billion. With the consensus EPS estimate being $0.33, the EPS surprise was +3.03%.
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.
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:
Operating Ratio: 95.7% compared to the 94.9% average estimate based on five analysts.
Adjusted Operating Ratio: 93.9% compared to the 93.7% average estimate based on five analysts.
Adjusted Operating Ratio - Truckload: 95.6% compared to the 94.8% average estimate based on four analysts.
Adjusted Operating Ratio - LTL: 89.6% versus 88% estimated by four analysts on average.
Revenue, excluding truckload and LTL fuel surcharge: $1.68 billion versus $1.74 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -5.3% change.
Truckload and LTL fuel surcharge: $195.78 million versus $214.73 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -20% change.
Operating revenue- Intermodal: $102.68 million versus the three-analyst average estimate of $106.63 million. The reported number represents a year-over-year change of +1.4%.
Operating Revenue- Logistics: $143.58 million versus $143.08 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10% change.
Revenue, excluding fuel surcharge and intersegment transactions- Truckload Segment: $1.11 billion versus the three-analyst average estimate of $1.17 billion. The reported number represents a year-over-year change of -6.2%.
Revenue, excluding fuel surcharge- LTL Segment: $280.18 million compared to the $292.14 million average estimate based on three analysts. The reported number represents a change of +16.8% year over year.
Operating revenue- LTL: $325.41 million compared to the $321.39 million average estimate based on three analysts. The reported number represents a change of +14.5% year over year.
Operating revenue- Truckload: $1.26 billion versus the two-analyst average estimate of $1.33 billion.
Shares of Knight-Swift have returned -1.5% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Knight-Swift (KNX) Reports Q3 Earnings: What Key Metrics Have to Say
Knight-Swift Transportation Holdings (KNX - Free Report) reported $1.88 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 7.1%. EPS of $0.34 for the same period compares to $0.41 a year ago.
The reported revenue represents a surprise of -3.75% over the Zacks Consensus Estimate of $1.95 billion. With the consensus EPS estimate being $0.33, the EPS surprise was +3.03%.
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.
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:
- Operating Ratio: 95.7% compared to the 94.9% average estimate based on five analysts.
- Adjusted Operating Ratio: 93.9% compared to the 93.7% average estimate based on five analysts.
- Adjusted Operating Ratio - Truckload: 95.6% compared to the 94.8% average estimate based on four analysts.
- Adjusted Operating Ratio - LTL: 89.6% versus 88% estimated by four analysts on average.
- Revenue, excluding truckload and LTL fuel surcharge: $1.68 billion versus $1.74 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -5.3% change.
- Truckload and LTL fuel surcharge: $195.78 million versus $214.73 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -20% change.
- Operating revenue- Intermodal: $102.68 million versus the three-analyst average estimate of $106.63 million. The reported number represents a year-over-year change of +1.4%.
- Operating Revenue- Logistics: $143.58 million versus $143.08 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -10% change.
- Revenue, excluding fuel surcharge and intersegment transactions- Truckload Segment: $1.11 billion versus the three-analyst average estimate of $1.17 billion. The reported number represents a year-over-year change of -6.2%.
- Revenue, excluding fuel surcharge- LTL Segment: $280.18 million compared to the $292.14 million average estimate based on three analysts. The reported number represents a change of +16.8% year over year.
- Operating revenue- LTL: $325.41 million compared to the $321.39 million average estimate based on three analysts. The reported number represents a change of +14.5% year over year.
- Operating revenue- Truckload: $1.26 billion versus the two-analyst average estimate of $1.33 billion.
View all Key Company Metrics for Knight-Swift here>>>Shares of Knight-Swift have returned -1.5% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.