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.
Gear Up for Knight-Swift (KNX) Q3 Earnings: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
The upcoming report from Knight-Swift Transportation Holdings (KNX - Free Report) is expected to reveal quarterly earnings of $0.75 per share, indicating an increase of 134.4% compared to the year-ago period. Analysts forecast revenues of $2.14 billion, representing an increase of 11% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Knight-Swift metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Revenue, excluding truckload and LTL fuel surcharge' reaching $1.81 billion. The estimate suggests a change of +5.4% year over year.
Analysts expect 'Truckload and LTL fuel surcharge' to come in at $331.85 million. The estimate indicates a year-over-year change of +61%.
The consensus among analysts is that 'Operating revenue- LTL' will reach $433.55 million. The estimate indicates a change of +9.9% from the prior-year quarter.
The consensus estimate for 'Revenue, excluding fuel surcharge and intersegment transactions- Truckload Segment' stands at $1.14 billion. The estimate indicates a change of +5.5% from the prior-year quarter.
The combined assessment of analysts suggests that 'Operating Ratio' will likely reach 92.3%. The estimate is in contrast to the year-ago figure of 97.4%.
It is projected by analysts that the 'Adjusted Operating Ratio' will reach 91.2%. The estimate is in contrast to the year-ago figure of 93.8%.
The average prediction of analysts places 'Adjusted Operating Ratio - Truckload' at 92.7%. Compared to the current estimate, the company reported 96.2% in the same quarter of the previous year.
Analysts predict that the 'Adjusted Operating Ratio - LTL' will reach 91.3%. The estimate is in contrast to the year-ago figure of 90.6%.
Based on the collective assessment of analysts, 'Adjusted Operating Ratio - Logistics' should arrive at 95.9%. Compared to the present estimate, the company reported 94.3% in the same quarter last year.
Analysts forecast 'Average tractors - Truckload' to reach 20,750 . The estimate is in contrast to the year-ago figure of 21,319 .
According to the collective judgment of analysts, 'Load count - Intermodal' should come in at 39,731 . The estimate compares to the year-ago value of 35,375 .
The collective assessment of analysts points to an estimated 'Average revenue per load - Intermodal' of $2962.84 . The estimate compares to the year-ago value of $2660.00 .
Shares of Knight-Swift have experienced a change of -5.1% in the past month compared to the +0.7% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), KNX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Gear Up for Knight-Swift (KNX) Q3 Earnings: Wall Street Estimates for Key Metrics
The upcoming report from Knight-Swift Transportation Holdings (KNX - Free Report) is expected to reveal quarterly earnings of $0.75 per share, indicating an increase of 134.4% compared to the year-ago period. Analysts forecast revenues of $2.14 billion, representing an increase of 11% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Knight-Swift metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Revenue, excluding truckload and LTL fuel surcharge' reaching $1.81 billion. The estimate suggests a change of +5.4% year over year.
Analysts expect 'Truckload and LTL fuel surcharge' to come in at $331.85 million. The estimate indicates a year-over-year change of +61%.
The consensus among analysts is that 'Operating revenue- LTL' will reach $433.55 million. The estimate indicates a change of +9.9% from the prior-year quarter.
The consensus estimate for 'Revenue, excluding fuel surcharge and intersegment transactions- Truckload Segment' stands at $1.14 billion. The estimate indicates a change of +5.5% from the prior-year quarter.
The combined assessment of analysts suggests that 'Operating Ratio' will likely reach 92.3%. The estimate is in contrast to the year-ago figure of 97.4%.
It is projected by analysts that the 'Adjusted Operating Ratio' will reach 91.2%. The estimate is in contrast to the year-ago figure of 93.8%.
The average prediction of analysts places 'Adjusted Operating Ratio - Truckload' at 92.7%. Compared to the current estimate, the company reported 96.2% in the same quarter of the previous year.
Analysts predict that the 'Adjusted Operating Ratio - LTL' will reach 91.3%. The estimate is in contrast to the year-ago figure of 90.6%.
Based on the collective assessment of analysts, 'Adjusted Operating Ratio - Logistics' should arrive at 95.9%. Compared to the present estimate, the company reported 94.3% in the same quarter last year.
Analysts forecast 'Average tractors - Truckload' to reach 20,750 . The estimate is in contrast to the year-ago figure of 21,319 .
According to the collective judgment of analysts, 'Load count - Intermodal' should come in at 39,731 . The estimate compares to the year-ago value of 35,375 .
The collective assessment of analysts points to an estimated 'Average revenue per load - Intermodal' of $2962.84 . The estimate compares to the year-ago value of $2660.00 .
View all Key Company Metrics for Knight-Swift here>>>Shares of Knight-Swift have experienced a change of -5.1% in the past month compared to the +0.7% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), KNX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .