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KNX

Knight-Swift

$37.67

0.84 (2.28%)

09:08
10/23/19
10/23
09:08
10/23/19
09:08

Knight-Swift reports Q3 adjusted EPS 48c, consensus 49c

Reports Q3 revenue $1.2B, consensus $1.23B. Knight-Swift stated: "We continue generating meaningful free cash flow, maintaining a healthy balance sheet, and focusing on the fundamentals of our business as we navigate through the softer freight environment that negatively impacted our consolidated results during the third quarter. An oversupply of truckload capacity in the freight market resulted in greater than expected pressure on our Trucking segment's revenue per loaded mile, excluding fuel surcharge and intersegment transactions, which decreased by 2.7% from the third quarter of 2018 to the third quarter of 2019. We also experienced increased competition in the intermodal market, which led to a 10.3% reduction in volume and 6.8% less revenue per load year-over-year. The reduced revenues from these factors, as well as the cost of exiting certain underperforming dedicated business, resulted in a 28.6% decrease in consolidated operating income, compared to the same quarter of last year."

  • 13

    Nov

KNX Knight-Swift
$37.67

0.84 (2.28%)

10/08/19
SUSQ
10/08/19
DOWNGRADE
Target $119
SUSQ
Neutral
J.B. Hunt downgraded to Neutral at Susquehanna
As reported previously, Susquehanna analyst Bascome Majors downgraded J.B. Hunt (JBHT) to Neutral from Positive. He now has a more conservative view on its earnings outlook and is more cautious on the intermodal space and the stock's valuation. Majors also noted that his top pick in the space remains Knight-Swift (KNX). Majors lowered his price target to $119 from $124 on J.B.Hunt shares.
10/11/19
UBSW
10/11/19
UPGRADE
Target $40
UBSW
Buy
Knight-Swift upgraded to Buy from Neutral at UBS
UBS analyst Thomas Wadewitz upgraded Knight-Swift Transportation to Buy from Neutral with a price target of $40, up from $39. Key forward looking truckload market metrics are likely to continue to improve, Wadewitz tells investors in a research note. The analyst adds that Knight-Swift has the greatest leverage to the largest truckload cycle in his coverage universe and is a "go-to name for TL market exposure."
10/15/19
GHSC
10/15/19
NO CHANGE
Target $50
GHSC
Buy
Knight-Swift guidance cut not really a surprise, says Seaport Global
Seaport Global analyst Kevin Sterling believes Knight-Swift Transportation's guidance cut this morning is not all that surprising. The analyst on October 1 cut his estimates for a variety of truckload carriers, including Knight-Swift, but he admits "not quite enough." Knight-Swift called out the weak full truckload market, which has pressured rates for all of 2019, but also increased competition in intermodal, which has negatively impacted both volume and price, Sterling tells investors in a research note. The analyst believes the full truckload market continues to right-size capacity as orders shrink and carriers file for bankruptcy. He keeps a Buy rating on Knight-Swift with a $50 price target. The stock in morning trading is up 11c to $36.15.
10/16/19
SBSH
10/16/19
NO CHANGE
Target $40
SBSH
Buy
Knight-Swift should rally on 2020 estimate certainty, says Citi
Citi analyst Christian Wetherbee recommends buying shares of Knight-Swift Transportation following yesterday's guidance update. While the Q3 and Q4 guidance were both below expectations, the most important data point was Q1 of 2020, and it "came in a bit better than feared," Wetherbee tells investors in a research note. The analyst believes the Q1 guidance appears to support his view that Knight-Swift's 2020 earnings per share will fall in the lower $2 range, likely beating buy-side expectations of ~$2.00. The stock should rally on further multiple expansion on more certainty around 2020 estimates, says the analyst, who keeps a Buy rating on Knight-Swift with a $40 price target.

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Target

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Autodesk

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QIWI

Qiwi

$20.14

0.38 (1.92%)

06:36
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TGT

Target

$110.86

0.27 (0.24%)

06:35
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Earnings
Target sees Q4 adj. EPS $1.54-$1.75, consensus $1.65 

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TJX

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1.12 (1.88%)

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T

AT&T

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LLY

Eli Lilly

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TGT

Target

$110.86

0.27 (0.24%)

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CDXC

ChromaDex

$3.49

0.19 (5.76%)

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QIWI

Qiwi

$20.14

0.38 (1.92%)

06:33
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Earnings
Qiwi reports Q3 EPS 29c, one estimate 33c »

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AVY

Avery Dennison

$131.42

0.26 (0.20%)

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EVRG

Evergy

$64.79

-0.19 (-0.29%)

06:29
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RES

RPC, Inc.

$3.84

-0.015 (-0.39%)

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QD

Qudian

$5.63

-0.295 (-4.98%)

06:24
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WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

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BRY

Berry Petroleum

$8.90

-2.405 (-21.27%)

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BBCP

Concrete Pumping

$3.88

0.17 (4.58%)

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EVRG

Evergy

$64.79

-0.19 (-0.29%)

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M

Macy's

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AL

Air Lease

$45.16

0.435 (0.97%)

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  • 20

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BRY

Berry Petroleum

$8.90

-2.405 (-21.27%)

06:19
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XGN

Exagen

$19.25

-0.04 (-0.21%)

06:19
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Conference/Events
Exagen management to meet with William Blair »

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  • 20

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WWW

Wolverine World Wide

$32.86

-0.61 (-1.82%)

06:17
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GM

General Motors

$36.39

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MGP

MGM Growth

$32.46

-0.39 (-1.19%)

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  • 20

    Nov

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