Knight-Swift Transportation Holdings Tightens FY23 Adj. EPS Guidance From $2.10-$2.30 To $2.10-$2.20 Vs $2.07 Est.
Portfolio Pulse from Happy Mohamed
Knight-Swift Transportation Holdings has revised its FY23 Adjusted EPS guidance from a range of $2.10-$2.30 to $2.10-$2.20, compared to the estimated $2.07. The updated guidance is based on current market conditions, recent trends, and management's expectations. Factors such as truckload rates, LTL revenue, U.S. Xpress performance, logistics volume, and expected tax rate have been considered in the revision.
October 19, 2023 | 8:22 pm
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Knight-Swift's revised FY23 Adjusted EPS guidance is slightly tighter but still above the estimated $2.07. This indicates management's positive outlook based on current market conditions and trends.
The revised guidance, although tighter, is still above the estimated $2.07, indicating that the company's management is optimistic about the future performance. This could potentially have a positive impact on the company's stock price in the short term.
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