Knight-Swift Transportation (KNX) stock dips after guidance cut
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Knight Transportation (KNX) PT Lowered to $54 at BofA Securities
April 18, 2024 5:50 AM EDTBofA Securities analyst Ken Hoexter lowered the price target on Knight Transportation (NYSE: KNX) to $54.00 (from $58.00) while maintaining a Buy rating.
The analyst comments "This morning, Knight-Swift Transportation (KNX) significantly lowered its 1Q24/2Q24 guidance on persistent pressure from the elongated freight downcycle.... More
Deutsche Bank Offers Good and Bad from Knight Transportation (KNX) Preannoucement
April 17, 2024 11:46 AM EDTDeutsche Bank analyst Amit Mehrotra reiterated a Buy rating and $61.00 price target on Knight Transportation (NYSE: KNX).
The analyst comments "The company now expects 1Q EPS to be about 20c on an underlying basis vs. prior guidance of about 40c (we had lowered our 1Q estimate to 30c last month in anticipation of a weak result). The company also lowered 2Q expectations to 28c vs. 55c prior. So, 1H earnings expectations are being cut in half. There is both good and bad news with today's... More
CSX Corp. (CSX) Shares Trade Lower Ahead of Results, Down 2.2%
April 17, 2024 9:35 AM EDT(Updated - April 17, 2024 9:36 AM EDT)
CSX Corp. (NASDAQ: CSX) Shares Trade Lower Ahead of Results, Down 2.2%
CSX Corp. (NASDAQ: CSX) will release first quarter financial and operating results after the market close on... MoreKnight-Swift Transportation (KNX) Lowers Guidance
April 17, 2024 9:06 AM EDTKnight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift", the "Company", or "we") today announced an update to its earnings guidance for the first and second quarters of 2024.
Based on preliminary results, the Company now expects that Adjusted EPS(1) for the first quarter of 2024 will range from $0.11 to $0.12 (which is an update from the previously-announced expectation of $0.37 to $0.41). This range includes a loss of $0.08 per share for the third-party insurance business that ceased operation at the end of the quarter; excluding this insurance loss, the expected Adjusted EPS range would be $0.19 to $0.20.
The full... More
