Knight-Swift Transportation HoldingsNYSE: KNX

Knight-Swift's (KNX) earnings for the first quarter of 2024 declined compared to the previous year, despite an increase in revenues.

While the revenue and EPS of Knight-Swift (KNX) offer insight into its quarterly performance in March 2024, it is important to also analyze how certain key metrics stack up against Wall Street expectations and the figures from the previous year.

Knight-Swift Transportation Holdings (KNX) reported quarterly earnings of $0.12 per share, falling short of the Zacks Consensus Estimate of $0.19 per share. This is a decrease from earnings of $0.73 per share in the same quarter last year.

Knight-Swift Transportation Holdings Inc.'s stock dropped by 3.5% on Wednesday due to the company reducing its guidance for the first half of the year. The reasons cited include an oversaturated truck market, disruptive weather in January, and a slower-than-anticipated beginning to the bid season.

Knight-Swift's (KNX) shareholder-friendly measures look encouraging. However, a rise in operating expenses and high debt are likely to hurt the bottom line.

David Jackson steps down as Knight-Swift's (KNX) CEO after nine years at the helm.

Knight-Swift (KNX) reported earnings 30 days ago. What's next for the stock?

KnightSwift Transportation (KNX) is a Zacks Rank #5 (Strong Sell) as earnings estimates have tracked lower due following a recent earnings miss.  The company is in trucking and transportation industry and could be interesting to some investors at these levels.

While shareholder-friendly measures adopted by Knight-Swift (KNX) look encouraging, softness in freight demand hurts Knight-Swift's fourth-quarter 2023 results.