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Countdown to Knight-Swift (KNX) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
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Analysts on Wall Street project that Knight-Swift Transportation Holdings (KNX - Free Report) will announce quarterly earnings of $0.22 per share in its forthcoming report, representing a decline of 21.4% year over year. Revenues are projected to reach $1.85 billion, increasing 1.2% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 4.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Knight-Swift metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Revenue, excluding truckload and LTL fuel surcharge' will reach $1.63 billion. The estimate suggests a change of -0.1% year over year.
Analysts forecast 'Truckload and LTL fuel surcharge' to reach $196.77 million. The estimate suggests a change of +2.8% year over year.
It is projected by analysts that the 'Operating revenue- LTL' will reach $372.00 million. The estimate points to a change of +5.6% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenue, excluding fuel surcharge- LTL Segment' should arrive at $320.34 million. The estimate points to a change of +4.9% from the year-ago quarter.
The consensus estimate for 'Operating Ratio' stands at 96.5%. The estimate compares to the year-ago value of 96.3%.
Analysts expect 'Adjusted Operating Ratio' to come in at 95.0%. The estimate is in contrast to the year-ago figure of 94.7%.
The collective assessment of analysts points to an estimated 'Adjusted Operating Ratio - Truckload' of 96.1%. The estimate compares to the year-ago value of 95.6%.
Analysts predict that the 'Adjusted Operating Ratio - LTL' will reach 95.7%. The estimate is in contrast to the year-ago figure of 94.2%.
The combined assessment of analysts suggests that 'Adjusted Operating Ratio - Logistics' will likely reach 95.9%. The estimate compares to the year-ago value of 95.5%.
According to the collective judgment of analysts, 'Average tractors - Truckload' should come in at 21,167 . The estimate is in contrast to the year-ago figure of 21,909 .
Analysts' assessment points toward 'Load count - Intermodal' reaching 35,155 . Compared to the current estimate, the company reported 35,211 in the same quarter of the previous year.
The average prediction of analysts places 'Average revenue per load - Intermodal' at $2629.36 . Compared to the current estimate, the company reported $2587.00 in the same quarter of the previous year.
Over the past month, shares of Knight-Swift have returned +21% versus the Zacks S&P 500 composite's +9.3% change. Currently, KNX carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to Knight-Swift (KNX) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS
Analysts on Wall Street project that Knight-Swift Transportation Holdings (KNX - Free Report) will announce quarterly earnings of $0.22 per share in its forthcoming report, representing a decline of 21.4% year over year. Revenues are projected to reach $1.85 billion, increasing 1.2% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 4.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Knight-Swift metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Revenue, excluding truckload and LTL fuel surcharge' will reach $1.63 billion. The estimate suggests a change of -0.1% year over year.
Analysts forecast 'Truckload and LTL fuel surcharge' to reach $196.77 million. The estimate suggests a change of +2.8% year over year.
It is projected by analysts that the 'Operating revenue- LTL' will reach $372.00 million. The estimate points to a change of +5.6% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenue, excluding fuel surcharge- LTL Segment' should arrive at $320.34 million. The estimate points to a change of +4.9% from the year-ago quarter.
The consensus estimate for 'Operating Ratio' stands at 96.5%. The estimate compares to the year-ago value of 96.3%.
Analysts expect 'Adjusted Operating Ratio' to come in at 95.0%. The estimate is in contrast to the year-ago figure of 94.7%.
The collective assessment of analysts points to an estimated 'Adjusted Operating Ratio - Truckload' of 96.1%. The estimate compares to the year-ago value of 95.6%.
Analysts predict that the 'Adjusted Operating Ratio - LTL' will reach 95.7%. The estimate is in contrast to the year-ago figure of 94.2%.
The combined assessment of analysts suggests that 'Adjusted Operating Ratio - Logistics' will likely reach 95.9%. The estimate compares to the year-ago value of 95.5%.
According to the collective judgment of analysts, 'Average tractors - Truckload' should come in at 21,167 . The estimate is in contrast to the year-ago figure of 21,909 .
Analysts' assessment points toward 'Load count - Intermodal' reaching 35,155 . Compared to the current estimate, the company reported 35,211 in the same quarter of the previous year.
The average prediction of analysts places 'Average revenue per load - Intermodal' at $2629.36 . Compared to the current estimate, the company reported $2587.00 in the same quarter of the previous year.
View all Key Company Metrics for Knight-Swift here>>>Over the past month, shares of Knight-Swift have returned +21% versus the Zacks S&P 500 composite's +9.3% change. Currently, KNX carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .