Stock Story -
Freight delivery company Knight-Swift Transportation (NYSE:KNX) will be reporting results tomorrow after the bell. Here's what to look for.
Knight-Swift Transportation met analysts' revenue expectations last quarter, reporting revenues of $1.82 billion, up 11.3% year on year. It was an ok quarter for the company, with an impressive beat of analysts' volume estimates but a miss of analysts' earnings estimates.
Is Knight-Swift Transportation a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Knight-Swift Transportation's revenue to grow 18.1% year on year to $1.83 billion, a reversal from the 20.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.27 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Knight-Swift Transportation has missed Wall Street's revenue estimates four times over the last two years.
Looking at Knight-Swift Transportation's peers in the transportation and logistics segment, only FedEx (NYSE:FDX) has reported results so far. It met analysts' revenue estimates and delivered flat year-on-year revenue. The stock traded up 15.5% on the results.
Read the full analysis of FedEx's results on StockStory. There has been positive sentiment among investors in the transportation and logistics segment, with share prices up 6.5% on average over the last month. Knight-Swift Transportation is up 2.3% during the same time and is heading into earnings with an average analyst price target of $55.2 (compared to the current share price of $50).
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