Knight-Swift Beats Q3 Estimates, Guides Q4 EPS to $0.78-$0.84
KNX sits 58% above its 52-week low of $41.235.
Summary
Knight-Swift beat on both lines: Q3 revenue of $2.2B topped the $2.15B consensus and adjusted EPS of $0.83 came in well above the $0.76 expected. That EPS is up 159% year-over-year, with adjusted operating income up 202% on truckload pricing gains and a 170-bp cut in empty miles. Intermodal added 13.3% more loads at 15.2% higher revenue per load. The company guided Q4 adjusted EPS to $0.78-$0.84 and expects truckload revenue ex-fuel up low double digits with adjusted OR improving 650-750 bps year-over-year, and it narrowed FY26 net capex to $600M-$625M. This follows the Q2 report that guided Q3 below consensus, so the beat and the Q4 range reverse that setup. Shares closed at $63.20, and the median analyst target of $88.50 sits about 40% higher.
At the time of this announcement, KNX was trading at $65.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $10.3B. The 52-week trading range was $41.24 to $82.86. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.