Knight-Swift Q4 Adj $0.09 Misses $0.44 Estimate, Sales $1.93B Miss $1.97B Estimate
Portfolio Pulse from Benzinga Newsdesk
Knight-Swift (NYSE:KNX) reported Q4 adjusted earnings of $0.09 per share, significantly missing the consensus estimate of $0.44, representing a 79.55% miss and a 91% decrease from the previous year's $1.00 per share. Quarterly sales were $1.93 billion, also missing the consensus estimate of $1.97 billion by 1.93%, but marking a 10.78% increase from the previous year's $1.74 billion.
January 24, 2024 | 9:05 pm
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NEGATIVE IMPACT
Knight-Swift's Q4 earnings and sales missed analyst estimates, with a significant drop in EPS compared to last year, which could negatively impact investor sentiment.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with a significant year-over-year decline in earnings, is likely to be viewed negatively by investors. This could lead to a decrease in stock price in the short term as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100