The upcoming report from Knight-Swift Transportation Holdings (KNX) 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 >>>> .
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Knight-Swift Transportation Holdings Inc. (KNX): Free Stock Analysis Report
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