Knight-Swift Transportation Announces Updated First and Second Quarter Earnings Guidance
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April 18, 2024 5:50 AM EDT
BofA Securities analyst Ken Hoexter lowered the price target on Knight Transportation (NYSE: KNX) to $54.00 (from $58.00) while maintaining a Buy rating.
The analyst comments "This morning, Knight-Swift Transportation (KNX) significantly lowered its 1Q24/2Q24 guidance on persistent pressure from the elongated freight downcycle.... More
April 17, 2024 11:46 AM EDT
Deutsche Bank analyst Amit Mehrotra reiterated a Buy rating and $61.00 price target on Knight Transportation (NYSE: KNX).
The analyst comments "The company now expects 1Q EPS to be about 20c on an underlying basis vs. prior guidance of about 40c (we had lowered our 1Q estimate to 30c last month in anticipation of a weak result). The company also lowered 2Q expectations to 28c vs. 55c prior. So, 1H earnings expectations are being cut in half. There is both good and bad news with today's... More
April 17, 2024 11:41 AM EDT
Knight-Swift Transportation (NYSE: KNX) saw its stock decline Wednesday following a downward revision of its earnings outlook for the first and second quarters of 2024.
The company's stock is currently down 3%, trading above the $49 mark. However, it opened the session as low as $45.79 per share.
The company now expects adjusted EPS for... More
