Wall Street analysts expect Knight-Swift Transportation Holdings (KNX) to post quarterly earnings of $0.36 per share in its upcoming report, which indicates no change from the year-ago quarter. Revenues are expected to be $1.9 billion, up 1.8% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 6.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.
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.
The combined assessment of analysts suggests that 'Truckload and LTL fuel surcharge' will likely reach $195.63 million. The estimate indicates a change of +4.2% from the prior-year quarter.
It is projected by analysts that the 'Revenue, excluding truckload and LTL fuel surcharge' will reach $1.70 billion. The estimate indicates a year-over-year change of +1.1%.
The collective assessment of analysts points to an estimated 'Operating revenue- LTL' of $365.64 million. The estimate indicates a change of +13.7% from the prior-year quarter.
Analysts predict that the 'Revenue, excluding fuel surcharge- LTL Segment' will reach $307.84 million. The estimate points to a change of +10.4% from the year-ago quarter.
The consensus among analysts is that 'Adjusted Operating Ratio' will reach 94.0%. The estimate is in contrast to the year-ago figure of 93.7%.
Analysts' assessment points toward 'Operating Ratio' reaching 95.4%. The estimate is in contrast to the year-ago figure of 95.8%.
According to the collective judgment of analysts, 'Adjusted Operating Ratio - Logistics' should come in at 94.3%. The estimate is in contrast to the year-ago figure of 93.7%.
Based on the collective assessment of analysts, 'Adjusted Operating Ratio - Truckload' should arrive at 93.0%. Compared to the current estimate, the company reported 92.2% in the same quarter of the previous year.
The consensus estimate for 'Adjusted Operating Ratio - LTL' stands at 94.5%. Compared to the present estimate, the company reported 94.5% in the same quarter last year.
Analysts forecast 'Average revenue per load - Intermodal' to reach $2697.65 . Compared to the current estimate, the company reported $2565.00 in the same quarter of the previous year.
Analysts expect 'Average tractors - Truckload' to come in at 21,544 . The estimate compares to the year-ago value of 22,208 .
The average prediction of analysts places 'Load count - Intermodal' at 37,403 . The estimate compares to the year-ago value of 38,607 .
View all Key Company Metrics for Knight-Swift here>>>
Over the past month, shares of Knight-Swift have returned +8.6% versus the Zacks S&P 500 composite's +1.6% 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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Knight-Swift Transportation Holdings Inc. (KNX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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