Knight-Swift Transportation Holdings Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 10/25 11:50

Knight-Swift Transportation Holdings (NYSE:KNX) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.88b (down 7.1% from 3Q 2023).
  • Net income: US$30.5m (down 49% from 3Q 2023).
  • Profit margin: 1.6% (down from 3.0% in 3Q 2023).
  • EPS: US$0.19 (down from US$0.37 in 3Q 2023).
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NYSE:KNX Earnings and Revenue Growth October 25th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Knight-Swift Transportation Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 36%.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Transportation industry in the US.

Performance of the American Transportation industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Knight-Swift Transportation Holdings that you should be aware of before investing here.