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Knight-Swift (KNX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PHOENIX--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE: KNX) announced today that Adam Miller, Chief Executive Officer, Andrew Hess, Chief Financial Officer, and Brad Stewart, Treasurer and Senior Vice President of Investor Relations, are scheduled to participate in the following upcoming transportation conferences: Baird Global Industrial Conference – Wednesday, November 13, 2024 Ritz Carlton, Chicago, IL Adam Miller, Chief Executive Officer Brad Stewart, Treasurer and Senio.
The final trades of the day with the Fast Money traders.
High costs related to driver wages, equipment, maintenance, fuel and other expenses do not bode well for KNX.
Now that the market is shifting due to the new path the Federal Reserve (the Fed) has undertaken recently, cutting interest rates and starting a new monetary policy easing cycle, investors need to re-tune their preferences for potential picks in their portfolios moving forward. Growth, income, and market capitalization growth are some of the factors that should be at the top of this new preference list.
KNX's top line rises by 18.9% year over year second quarter of 2024, buoyed by strong segmental performance. However, weak liquidity is a major headwind.
Knight-Swift (KNX) reported earnings 30 days ago. What's next for the stock?
PHOENIX--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE: KNX) announced today that Adam Miller, Chief Executive Officer, Andrew Hess, Chief Financial Officer, and Brad Stewart, Treasurer and Senior Vice President of Investor Relations, are scheduled to participate in the following upcoming transportation conference: Morgan Stanley 12th Annual Laguna Conference - Thursday, September 12, 2024 Ritz Carlton, Dana Point, CA About Knight-Swift Knight-Swift Transportation Holdings In.
KNX is recommended as a buy. Revenue growth acceleration and positive macro outlook suggest an earnings growth acceleration is near. The strategic initiative to grow door count and the acquisition of DHE should support growth acceleration too.
Knight-Swift's (KNX) second-quarter 2024 earnings decrease year over year while revenues increase.