Knight-Swift Guides Q3 Adj EPS to $0.71-$0.77, Below Consensus
KNX sits 97% above its 52-week low of $38.625.
Summary
Knight-Swift issued Q3 adjusted EPS guidance of $0.71-$0.77, which appears to fall short of the $0.82 consensus estimate. This follows a challenging Q1 that included a net loss and a $1.5 billion convertible note offering in May. The guidance suggests operational headwinds persist, likely from soft freight demand and cost pressures. The company has also seen significant insider selling by its founder after his retirement in June. The stock may face pressure as the market digests the weaker-than-expected outlook.
At the time of this announcement, KNX was trading at $76.04 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $12.4B. The 52-week trading range was $38.63 to $82.86. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.