KNX Stock Recent News

Knight-Swift Transportation shares gained more than 10% as its third quarter results outperformed Street expectations and Bank of America analysts bumped up their price target on the company. The analysts increased their price target on the Phoenix, Arizona-headquartered provider of truckload and logistics services to US$65 from US$61 and reiterated their ‘Buy' rating.

Knight-Swift Transportation Holdings Inc shares jumped 13% to $51.68 in early Friday trading after the diversified freight transportation company reported third-quarter 2023 financial results that surpassed the analyst consensus estimate for both its top and bottom lines.  Knight-Swift generated earnings per share (EPS) for the period of $0.41 on revenue that rose 6.5% year over year to $2.02 billion.

The company posted third-quarter earnings per share of 41 cents from sales of $2 billion. Wall Street was looking for 36 cents and $1.9 billion, respectively.

Knight-Swift Transportation Holdings Inc. (KNX) Q3 2023 Earnings Call Transcript

Knight-Swift Transportation Holdings (KNX) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $1.27 per share a year ago.

At first glance, the concept of transportation stocks to buy might seem odd if not outright precarious. With the underlying ecosystem dependent on economic stability, concerns about a possible recession on the horizon present a dour framework.

Knight-Swift (KNX) lowers its earnings per share guidance in the range of $2.10-$2.30 (earlier view: $3.35-$3.55) for 2023.

PHOENIX--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE: KNX) announced today that David Jackson, President and Chief Executive Officer, Adam Miller, 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 11th Annual Laguna Conference – Thursday, September 14, 2023 Waldorf Astoria, Dana Point, CA Dave Jackson, President and Chief Execu.

PHOENIX--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE: KNX) announced today that Adam Miller, Chief Financial Officer, and Brad Stewart, Treasurer and Senior Vice President of Investor Relations, are scheduled to participate in the following upcoming transportation conference: Deutsche Bank 2023 Transportation Conference – August 16, 2023 Deutsche Bank Center, New York, NY Adam Miller, Chief Financial Officer, Brad Stewart, Treasurer and Senior Vice President of Investor Rel.

While the top- and bottom-line numbers for Knight-Swift (KNX) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.