For the quarter ended March 2024, Knight-Swift Transportation Holdings (KNX) reported income of $1.82 billion, up 11.3% over the identical interval final yr. EPS got here in at $0.12, in comparison with $0.73 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $1.84 billion, representing a shock of -1.02%. The corporate delivered an EPS shock of -36.84%, with the consensus EPS estimate being $0.19.
Whereas buyers intently watch year-over-year adjustments in headline numbers — income and earnings — and the way they examine to Wall Road expectations to find out their subsequent plan of action, some key metrics at all times present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers venture a inventory’s worth efficiency extra precisely.
Right here is how Knight-Swift carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Adjusted Working Ratio – Truckload: 97.3% in comparison with the 94.7% common estimate primarily based on 4 analysts.
- Adjusted Working Ratio – LTL: 90% versus 86.3% estimated by 4 analysts on common.
- Adjusted Working Ratio – Logistics: 97.1% in comparison with the 92.8% common estimate primarily based on 4 analysts.
- Adjusted Working Ratio: 96.8% versus the four-analyst common estimate of 95%.
- Income, excluding truckload and LTL gas surcharge: $1.61 billion versus the four-analyst common estimate of $1.55 billion. The reported quantity represents a year-over-year change of +11.2%.
- Truckload and LTL gas surcharge: $209.65 million in comparison with the $209.49 million common estimate primarily based on 4 analysts. The reported quantity represents a change of +12.3% yr over yr.
- Working Income- Logistics: $126.73 million versus the three-analyst common estimate of $148.85 million. The reported quantity represents a year-over-year change of -8.4%.
- Income, excluding gas surcharge and intersegment transactions- Truckload Phase: $1.09 billion versus the three-analyst common estimate of $950.86 million. The reported quantity represents a year-over-year change of +26.3%.
- Working Income- Truckload: $1.26 billion in comparison with the $1.26 billion common estimate primarily based on three analysts. The reported quantity represents a change of +24.8% yr over yr.
- Working revenue- LTL: $282.12 million versus $285.16 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a +10.5% change.
- Income, excluding gas surcharge- LTL Phase: $240.99 million versus $233.51 million estimated by three analysts on common.
- Working revenue- Intermodal: $87.99 million versus $95.66 million estimated by three analysts on common. In comparison with the year-ago quarter, this quantity represents a -20.4% change.
View all Key Company Metrics for Knight-Swift here>>>
Shares of Knight-Swift have returned -6.6% over the previous month versus the Zacks S&P 500 composite’s -3% change. The inventory presently has a Zacks Rank #5 (Sturdy Promote), indicating that it may underperform the broader market within the close to time period.
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Knight-Swift Transportation Holdings Inc. (KNX) : Free Stock Analysis Report
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