Knight-Swift Transportation Sees FY23 EPS $2.10-2.30 Vs $2.76 Est.
Portfolio Pulse from Happy Mohamed
Knight-Swift Transportation has updated its FY23 EPS guidance to $2.10-2.30, down from the previously disclosed range of $3.35 to $3.55. This includes a projected U.S. Xpress loss of $0.25 to $0.30 post acquisition. The new guidance is based on current truckload, LTL, and general market conditions, recent trends, and management's expectations.
July 20, 2023 | 8:06 pm
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Knight-Swift's lowered EPS guidance for FY23, including a projected loss from the U.S. Xpress acquisition, may negatively impact its stock price in the short term.
The lowered EPS guidance indicates that Knight-Swift's earnings may be lower than previously expected, which could lead to a decrease in its stock price. The projected loss from the U.S. Xpress acquisition also adds to the potential negative impact.
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