Knight-Swift Q3 EPS $0.41 Beats $0.36 Estimate, Sales $2.02B Beat $1.89B Estimate
Portfolio Pulse from Happy Mohamed
Knight-Swift (NYSE:KNX) reported Q3 earnings of $0.41 per share, beating the analyst consensus estimate of $0.36 by 13.89%. However, this is a 67.72% decrease from the same period last year. The company also reported quarterly sales of $2.02 billion, beating the estimate of $1.89 billion by 6.87%, and marking a 6.48% increase from last year.
October 19, 2023 | 8:19 pm
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NEUTRAL IMPACT
Knight-Swift's Q3 earnings beat estimates but are down significantly YoY. Sales also beat estimates and are up YoY.
While Knight-Swift beat earnings and sales estimates, the significant YoY decrease in earnings could potentially worry investors, leading to a neutral short term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100