KNX
Knight-Swift Transportation Holdings (NYSE: KNX) reported stronger-than-expected earnings and revenue...
Article Summary
BUY- Knight-Swift Transportation Holdings (NYSE: KNX) reported stronger-than-expected earnings and revenue growth driven by strong truckload market conditions driven by regulatory pressure on non-compliant capacity.
- Truckload revenue increased 3% y/y, with revenue per tractor up 6% and revenue per loaded mile up 5.6% excluding fuel, and Knight-Swift Transportation Holdings reported a 91% adjusted operating ratio, up 360 basis points year-over-year.
- The company expects the positive momentum to intensify starting in September and to carry through the rest of the year as regulatory efforts continue to remove non-compliance capacity from the industry.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 1.1% | 25% | 20.0 ptsMinimal (1.1%) - Very weak |
| EPS Growth Next 5Y ? | 61.6% | 25% | 100.0 ptsExceptional (61.6%) - Very high expectations |
| Target Price Upside ? | 17.3% | 20% | 60.0 ptsModerate Upside (17.3%) - Target: $89.17 vs Current: $76.04 |
| Gross Margin % ? | 10.8% | 15% | 20.0 ptsThin (10.8%) - Low-margin business |
| Drawdown from 52-Wk High ? | -8.2% | 15% | 20.0 ptsBarely a Dip (-8.2%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About KNX
- Knight-Swift Transportation Holdings Inc., together with its subsidiaries, operates as a freight transportation company in the United States and Mexico.
- The company operates through four segments: Truckload, LTL, Logistics, and Intermodal.
- The Truckload segment offers irregular route, dedicated, refrigerated, flatbed, expedited, and cross-border services.
- The LTL segment provides regional direct service and serves its customers' national transportation needs by utilizing key partner carriers for coverage areas outside of its network.
- The Logistics segment provides brokerage and other freight management services utilizing third-party transportation providers and equipment.
- The Intermodal segment offers transportation services, including arranging the movement of customers' freight through third-party intermodal rail services on its trailing equipment; and drayage services to transport loads between the railheads and customer locations.
- The company also provides repair and maintenance shop services, equipment leasing, warranty services, and insurance; and trailer parts manufacturing, warehousing, and certain driving academy activities.
- It serves retail, food and beverage, consumer and paper products, transportation and logistics, housing and building, automotive, and manufacturing industries.
- The company was incorporated in 1989 and is headquartered in Phoenix, Arizona.