Knight-Swift Q1 2024 Adj EPS $0.12 Misses $0.20 Estimate, Sales $1.822B Miss $1.825B Estimate
Portfolio Pulse from Benzinga Newsdesk
Knight-Swift (NYSE:KNX) reported Q1 2024 adjusted EPS of $0.12, missing the $0.20 estimate, with sales of $1.822B also missing the $1.825B estimate, marking an 11.30% increase over the previous year.
April 24, 2024 | 8:05 pm
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Knight-Swift reported lower than expected Q1 2024 earnings and sales, missing estimates with an adjusted EPS of $0.12 and sales of $1.822B.
Missing both EPS and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The reported growth in sales year-over-year may provide some buffer, but the immediate reaction is likely to be negative due to the earnings miss.
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IMPORTANCE 90
RELEVANCE 100