Knight-Swift (NYSE:KNX) reported its Q1 earnings results on Thursday, April 20, 2023 at 04:01 PM.
Here’s what investors need to know about the announcement.
Earnings
Knight-Swift missed estimated earnings by 9.88%, reporting an EPS of $0.73 versus an estimate of $0.81.
Revenue was down $190.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.12 which was followed by a 2.39% increase in the share price the next day.
Here’s a look at Knight-Swift’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 1.12 | 1.32 | 1.34 | 1.26 |
| EPS Actual | 1 | 1.27 | 1.41 | 1.35 |
| Revenue Estimate | 1.82B | 1.91B | 1.86B | 1.75B |
| Revenue Actual | 1.74B | 1.90B | 1.96B | 1.83B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Knight-Swift management provided guidance for FY 2023, expecting earnings between $3.35 and $3.55 per share.
To track all earnings releases for Knight-Swift visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
