Knight-Swift Q3 revenue, EPS beat analyst expectations on pricing gains

By Reuters News


Overview

  • North America freight transporter reported Q3 revenue beat analyst expectations

  • Adjusted EPS for Q3 beat analyst expectations


Outlook

  • Knight-Swift expects Q4 adjusted EPS of $0.78 to $0.84

  • Company narrows FY26 net cash capex to $600 mln-$625 mln from $600 mln-$650 mln

  • Truckload forecasts Q4 revenue ex-fuel surcharge up low double digits and adjusted OR up 650-750 bps yr/yr


Result Drivers

  • TRUCKLOAD PRICING AND EFFICIENCY – Adjusted operating income rose 202.3%, largely on pricing gains and a 170-bps reduction in empty miles

  • INTERMODAL VOLUME AND PRICING – Revenue growth was driven by 13.3% higher load count, 15.2% higher revenue per load, and cost and network efficiency gains

  • LOWER INTEREST AND TAXES – GAAP results benefited yr/yr from $22.8 mln lower interest expense and a 19.6-percentage-point lower effective tax rate


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$2.2 bln

$2.15 bln (15 Analysts)

Q3 Adjusted EPS

Beat

$0.83

$0.76 (19 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the ground freight & logistics peer group is "buy"

  • Wall Street's median 12-month price target for Knight-Swift Transportation Holdings Inc. is $88.50, about 40% above its October 21 closing price of $63.20

  • The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 28 three months ago


Reuters Recommended Reads

  • Oct 19 - Truckload carrier Werner Enterprises sees Q3 revenue up to $951 million

  • Oct 20 - Truckload carrier Heartland Express' Q3 operating revenue falls more than expected

  • Oct 21 - Denmark's DSV Q3 revenue rises, launches share buyback


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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