Earnings Preview For Knight-Swift
Portfolio Pulse from Benzinga Insights
Knight-Swift (NYSE:KNX) is expected to release its quarterly earnings report on January 24, 2024, with an estimated EPS of $0.44. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, the company's stock price has reacted to past earnings performances and guidance. Last quarter, KNX beat the EPS estimate by $0.05, leading to an 11.75% stock price increase the following day. Over the last year, shares have slightly declined by 0.68%.
January 23, 2024 | 4:01 pm
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POSITIVE IMPACT
Knight-Swift is anticipated to report quarterly earnings with investors focusing on an earnings beat and future guidance. Historical data shows significant stock movement post-earnings release.
Given the historical positive reaction to earnings beats, and the fact that the stock price increased by 11.75% after last quarter's earnings beat, there is a likelihood of a positive short-term impact if KNX beats the EPS estimate again. However, the overall negative 52-week performance may temper gains.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100