Knight-Swift ve 2. čtvrtletí překonal odhady: upravený EPS činil 63 centů a tržby 2,10 miliardy USD. Firma zároveň čeká ve 3. čtvrtletí upravený zisk 71–77 centů na akcii.
A month has gone by since the last earnings report for Knight-Swift Transportation Holdings (KNX - Free Report) . Shares have lost about 4% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Knight-Swift due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important catalysts.
Knight-Swift Q2 Earnings Beat EstimatesKnight-Swift reported second-quarter 2026 adjusted earnings of 63 cents per share, which beat the Zacks Consensus Estimate of 49 cents by 28.6% and increased 80.0% year over year. Stronger pricing and network efficiency across asset-based operations supported the improvement.
Total revenues of $2.10 billion surpassed the consensus mark of $2.01 billion by 4.3% and rose 12.6% year over year. Truckload revenue per loaded mile, excluding fuel surcharge and intersegment transactions, increased 5.5%.
KNX’s Consolidated Profitability Improves
Revenue excluding truckload and LTL fuel surcharge increased 5.5% year over year to $1.76 billion. Operating income rose 44.4% to $104.85 million, while adjusted operating income advanced 45.5% to $150.95 million.
The consolidated operating ratio improved 110 basis points to 95.0%. The adjusted operating ratio improved 240 basis points to 91.4%, reflecting better pricing and network efficiency across the asset-based businesses. Adjusted net income climbed 79.7% to $102.75 million.
Knight-Swift’s Truckload Engine Accelerates
Truckload revenues, excluding fuel surcharge and intersegment transactions, increased 2.8% year over year to $1.10 billion. The gain came despite a 2.6% decline in loaded miles, as tighter driver availability pressured the seated tractor count.
Adjusted operating income surged 69.4% to $98.92 million. The adjusted operating ratio improved 360 basis points to 91.0%, helped by pricing gains and a 140-basis-point reduction in empty miles. U.S. Xpress’ over-the-road division achieved its first profitable quarter since the acquisition.
KNX’s LTL Mix Supports Margin Recovery
Less-than-truckload revenues, excluding fuel surcharge, declined 1.4% to $333.01 million as shipments per day fell 3.7%. However, daily tonnage increased 4.0%, weight per shipment rose 7.9% and length of haul expanded 5.3%.
Revenue per shipment, excluding fuel surcharge, grew 3.4%, while revenue per hundredweight fell 4.2% because of heavier shipments. Adjusted operating income increased 13.3% to $26.45 million, and the adjusted operating ratio improved 100 basis points to 92.1%.
Knight-Swift’s Logistics and Intermodal Diverge
Logistics revenues rose 8.9% to $139.70 million, driven by a 29.6% increase in revenue per load, partly offset by a 16.4% drop in load count. Gross margin contracted 350 basis points to 15.4% as purchased transportation costs increased faster than customer pricing. Adjusted operating income declined 25.7%.
Intermodal revenues jumped 34.9% to $113.39 million. Load count increased 19.6% and revenue per load rose 12.8%, helping the segment post operating income of $0.65 million versus a $3.43 million loss a year earlier. Its operating ratio improved 470 basis points to 99.4%.
KNX’s Other Businesses Face Special Charges
All Other Segments’ revenues increased 41.8% year over year to $105.56 million, supported by growth in warehousing and trailer leasing. These businesses generated an additional $7 million of income contribution compared with the prior-year quarter.
The segment recorded an operating loss of $10.43 million compared with income of $6.75 million a year earlier. Results included $5.8 million of accounts receivable securitization costs and an $18.2 million severance charge primarily tied to the former executive chairman’s retirement.
Knight-Swift’s Liquidity and Capital Spending
Knight-Swift ended June with $186.11 million in cash and cash equivalents. Year-to-date operating cash flow was $450.36 million, while free cash flow totaled $190.44 million after $259.92 million of net capital expenditures.
The company issued $1.50 billion of 1% convertible notes and used proceeds to repay floating-rate borrowings. Management expects the refinancing to generate roughly $44 million of annual pretax savings. Full-year net cash capital expenditures remain projected at $600-$650 million.
KNX’s Q3 Outlook Points Higher
KNX expects third-quarter 2026 adjusted earnings of 71-77 cents per share. Truckload revenue, excluding fuel surcharge, is projected to rise by a mid-single-digit percentage, with the adjusted operating ratio improving 650-750 basis points year over year.
LTL revenue, excluding fuel surcharge, is expected to grow by a low-single-digit percentage, with the adjusted operating ratio in the low 90s. Logistics performance is expected to remain fairly stable sequentially, while intermodal revenue is projected to increase by a low-single-digit percentage from the second quarter.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.
The consensus estimate has shifted 8.2% due to these changes.
VGM ScoresAt this time, Knight-Swift has a great Growth Score of A, a score with the same score on the momentum front. Charting a somewhat similar path, the stock has a score of B on the value side, putting it in the top 40% for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Knight-Swift has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Knight-Swift Transportation Holdings schválila čtvrtletní hotovostní dividendu 0,20 USD na akcii. Pro akcionáře s rozhodným dnem 4. září 2026 má být vyplacena 21. září 2026.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (the "Company" or "Knight-Swift") announced today that its board of directors ("the Board") has declared the Company’s quarterly cash dividend of $0.20 per share of common stock. The Company's quarterly dividends are pursuant to a cash dividend policy approved by the Board. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the Board each quarter after its review of the Company’s financial performance.
The Company’s dividend is payable to stockholders of record on September 4, 2026, and is expected to be paid on September 21, 2026.
Knight-Swift is one of North America's largest and most diversified freight transportation companies providing multiple full truckload, less-than-truckload, intermodal, and logistics services. Knight-Swift uses a nationwide network of business units and terminals in the United States and Mexico to serve customers throughout North America. In addition to operating one of the country's largest tractor fleets, Knight-Swift also contracts with third-party equipment providers to provide a broad range of truckload services to our customers while creating quality driving jobs for our driving associates and successful business opportunities for independent contractors.
This press release contains certain statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those sections and the Private Securities Litigation Reform Act of 1995, as amended. All statements, other than statements of historical or current fact, are statements that could be deemed forward-looking statements, including, without limitation, statements relating to our declaration of quarterly dividends. Forward-looking statements are based on the current beliefs, assumptions, and expectations of management and current market conditions. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, which could cause future events and actual results to differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. There can be no assurance that future dividends will be declared. The declaration and amount of future dividends is subject to approval of the Board and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; compliance with applicable law; restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the Securities and Exchange Commission. Readers should review and consider the factors that may affect future results and other disclosures in Part I, Item 1A., Risk Factors, in Knight-Swift’s Annual Report on Form 10-K for the year ended December 31, 2025, Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, and various disclosures in other press releases, stockholder reports, and filings with the Securities and Exchange Commission. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260806709065/en/
California State Teachers Retirement System v 1. čtvrtletí zvýšil podíl v Knight-Swift Transportation o 24,8 % na 192 598 akcií. Firma zároveň oznámila tržby 2,10 miliardy USD a EPS 0,63, nad odhady analytiků.
California State Teachers Retirement System raised its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) by 24.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 192,598 shares of the transportation company’s stock after purchasing an additional 38,300 shares during the quarter. California State Teachers Retirement System owned 0.12% of Knight-Swift Transportation worth $11,090,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Encompass Capital Advisors LLC bought a new stake in shares of Knight-Swift Transportation during the 1st quarter worth $28,790,000. Maverick Capital Ltd. bought a new position in Knight-Swift Transportation in the first quarter valued at about $611,000. Quantinno Capital Management LP grew its position in Knight-Swift Transportation by 10.5% in the first quarter. Quantinno Capital Management LP now owns 312,284 shares of the transportation company’s stock valued at $17,981,000 after acquiring an additional 29,746 shares during the last quarter. SummitTX Capital L.P. acquired a new position in Knight-Swift Transportation during the first quarter worth about $7,104,000. Finally, Castleark Management LLC bought a new position in shares of Knight-Swift Transportation in the first quarter worth about $7,257,000. Institutional investors own 88.77% of the company’s stock.
Analyst Ratings Changes Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of Knight-Swift Transportation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Raymond James Financial increased their price objective on shares of Knight-Swift Transportation from $76.00 to $91.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 2nd. UBS Group raised their target price on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Citigroup raised shares of Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Thursday, July 9th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Knight-Swift Transportation in a report on Monday, July 13th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $84.44.
Check Out Our Latest Report on Knight-Swift Transportation
Insider Transactions at Knight-Swift Transportation In other news, Director Reid Dove sold 50,000 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $70.25, for a total value of $3,512,500.00. Following the completion of the sale, the director owned 169,154 shares of the company’s stock, valued at approximately $11,883,068.50. This represents a 22.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Cary M. Flanagan sold 3,600 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $70.82, for a total value of $254,952.00. Following the transaction, the chief accounting officer owned 5,405 shares of the company’s stock, valued at $382,782.10. This trade represents a 39.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 2.90% of the company’s stock.
Knight-Swift Transportation Trading Down 1.7% Shares of NYSE KNX opened at $68.34 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. Knight-Swift Transportation Holdings Inc. has a 52-week low of $38.63 and a 52-week high of $82.86. The firm has a 50 day moving average price of $75.61 and a two-hundred day moving average price of $65.62. The stock has a market cap of $11.11 billion, a P/E ratio of 262.87, a price-to-earnings-growth ratio of 0.59 and a beta of 1.18.
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.12. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter last year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, equities analysts forecast that Knight-Swift Transportation Holdings Inc. will post 2.42 EPS for the current year.
Knight-Swift Transportation Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, June 8th. Knight-Swift Transportation’s payout ratio is 307.69%.
About Knight-Swift Transportation (Free Report)
Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.
The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.
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Knight-Swift Transportation ve 2. čtvrtletí překonala odhady: EPS činil 0,63 USD a tržby 2,10 miliardy USD, meziročně +12,6 %. Firma zároveň zvýšila výhled na EPS pro 3. čtvrtletí na 0,71 až 0,77 USD.
California Public Employees Retirement System increased its position in Knight-Swift Transportation Holdings Inc. (NYSE:KNX – Free Report) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 291,883 shares of the transportation company’s stock after buying an additional 8,653 shares during the quarter. California Public Employees Retirement System owned about 0.18% of Knight-Swift Transportation worth $16,807,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP boosted its stake in shares of Knight-Swift Transportation by 23.6% during the 4th quarter. Wellington Management Group LLP now owns 12,918,523 shares of the transportation company’s stock valued at $675,380,000 after buying an additional 2,468,293 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Knight-Swift Transportation by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,397,338 shares of the transportation company’s stock valued at $439,016,000 after acquiring an additional 129,651 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Knight-Swift Transportation by 7.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,676,422 shares of the transportation company’s stock worth $244,250,000 after purchasing an additional 315,192 shares during the last quarter. Ensign Peak Advisors Inc lifted its stake in Knight-Swift Transportation by 50.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,939,212 shares of the transportation company’s stock valued at $153,662,000 after buying an additional 984,422 shares during the last quarter. Finally, UBS Group AG lifted its position in Knight-Swift Transportation by 44.3% in the 4th quarter. UBS Group AG now owns 2,430,896 shares of the transportation company’s stock valued at $127,087,000 after purchasing an additional 745,787 shares during the last quarter. 88.77% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In A number of analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Knight-Swift Transportation from $79.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Robert W. Baird increased their price target on Knight-Swift Transportation from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Stephens raised shares of Knight-Swift Transportation to a “strong-buy” rating in a research note on Wednesday, July 8th. Susquehanna raised their price objective on Knight-Swift Transportation from $90.00 to $96.00 and gave the stock a “positive” rating in a research report on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, June 5th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $84.44.
Get Our Latest Stock Report on Knight-Swift Transportation
Key Knight-Swift Transportation News Here are the key news stories impacting Knight-Swift Transportation this week:
Positive Sentiment: Knight-Swift beat second-quarter expectations, reporting EPS of $0.63 versus consensus around $0.49-$0.51 and revenue of $2.10 billion versus estimates near $2.05 billion, with revenue up 12.6% year over year. Earnings report and transcript Positive Sentiment: The company also issued third-quarter EPS guidance of $0.71 to $0.77, above the Street’s estimate of about $0.67, which suggests management sees continued momentum. Quarterly results announcement Positive Sentiment: Several Wall Street firms lifted price targets after the results, including Bank of America to $98, Stifel to $88, Susquehanna to $96, TD Cowen to $86, and JPMorgan to $84, reflecting improved sentiment around the stock. Analyst target updates Neutral Sentiment: JPMorgan kept a neutral rating despite raising its target, while the other firms maintained more constructive views such as buy or positive. JPMorgan update Knight-Swift Transportation Stock Performance Shares of KNX opened at $72.05 on Friday. The company has a market capitalization of $11.71 billion, a PE ratio of 277.13, a price-to-earnings-growth ratio of 0.85 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.70 and a quick ratio of 0.70. Knight-Swift Transportation Holdings Inc. has a one year low of $38.63 and a one year high of $82.86. The company’s fifty day moving average price is $75.53 and its 200 day moving average price is $64.92.
Knight-Swift Transportation (NYSE:KNX – Get Free Report) last released its earnings results on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. Knight-Swift Transportation had a return on equity of 3.50% and a net margin of 0.56%.The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. As a group, analysts expect that Knight-Swift Transportation Holdings Inc. will post 2.21 earnings per share for the current year.
Knight-Swift Transportation Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were paid a $0.20 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. Knight-Swift Transportation’s dividend payout ratio is currently 380.95%.
About Knight-Swift Transportation (Free Report)
Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.
The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.
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Knight-Swift Transportation Holdings oznámila za 2. čtvrtletí zisk 0,63 USD na akcii, nad odhadem 0,49 USD. Tržby dosáhly 2,1 miliardy USD a také překonaly očekávání.
Knight-Swift Transportation Holdings (KNX - Free Report) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +28.57%. A quarter ago, it was expected that this trucking company would post earnings of $0.09 per share when it actually produced earnings of $0.09, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Knight-Swift, which belongs to the Zacks Transportation - Truck industry, posted revenues of $2.1 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.26%. This compares to year-ago revenues of $1.86 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Knight-Swift shares have added about 46.7% since the beginning of the year versus the S&P 500's gain of 9.7%.
What's Next for Knight-Swift?While Knight-Swift has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Knight-Swift was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.68 on $2.1 billion in revenues for the coming quarter and $2.04 on $8.02 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Truck is currently in the top 3% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
ArcBest (ARCB - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 29.
This freight transportation and logistics company is expected to post quarterly earnings of $2.18 per share in its upcoming report, which represents a year-over-year change of +60.3%. The consensus EPS estimate for the quarter has been revised 9% higher over the last 30 days to the current level.
ArcBest's revenues are expected to be $1.19 billion, up 16.8% from the year-ago quarter.
Wall Street čeká, že Knight-Swift ve čtvrtletí vykáže zisk 0,49 USD na akcii, tedy meziroční růst o 40 %. Tržby mají dosáhnout 2,01 miliardy USD, což je o 8 % více než loni.
Wall Street analysts expect Knight-Swift Transportation Holdings (KNX - Free Report) to post quarterly earnings of $0.49 per share in its upcoming report, which indicates a year-over-year increase of 40%. Revenues are expected to be $2.01 billion, up 8% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 7.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Knight-Swift metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Revenue, excluding truckload and LTL fuel surcharge' to reach $1.73 billion. The estimate suggests a change of +3.6% year over year.
The consensus among analysts is that 'Truckload and LTL fuel surcharge' will reach $271.42 million. The estimate points to a change of +43.1% from the year-ago quarter.
The consensus estimate for 'Operating revenue- LTL' stands at $405.31 million. The estimate suggests a change of +4.8% year over year.
The collective assessment of analysts points to an estimated 'Revenue, excluding fuel surcharge- LTL Segment' of $340.60 million. The estimate indicates a change of +0.9% from the prior-year quarter.
The average prediction of analysts places 'Operating Ratio' at 93.5%. Compared to the current estimate, the company reported 96.1% in the same quarter of the previous year.
Analysts expect 'Adjusted Operating Ratio' to come in at 92.9%. Compared to the present estimate, the company reported 93.8% in the same quarter last year.
The combined assessment of analysts suggests that 'Adjusted Operating Ratio - Truckload' will likely reach 92.9%. The estimate compares to the year-ago value of 94.6%.
It is projected by analysts that the 'Adjusted Operating Ratio - LTL' will reach 91.4%. The estimate is in contrast to the year-ago figure of 93.1%.
Based on the collective assessment of analysts, 'Adjusted Operating Ratio - Logistics' should arrive at 96.3%. The estimate compares to the year-ago value of 94.8%.
Analysts' assessment points toward 'Average tractors - Truckload' reaching 20,865 . Compared to the present estimate, the company reported 21,311 in the same quarter last year.
According to the collective judgment of analysts, 'Load count - Intermodal' should come in at 38,307 . Compared to the present estimate, the company reported 32,682 in the same quarter last year.
Analysts predict that the 'Average revenue per load - Intermodal' will reach $2623.91 . Compared to the current estimate, the company reported $2572.00 in the same quarter of the previous year.
View all Key Company Metrics for Knight-Swift here>>>
Shares of Knight-Swift have experienced a change of +0.3% in the past month compared to the -0.6% move of the Zacks S&P 500 composite. With a Zacks Rank #1 (Strong Buy), KNX is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Key Takeaways Knight-Swift trades at a discount forward P/E ratio than its industry average, signaling a cheap valuation.KNX has raised its quarterly dividend annually for seven consecutive years for a 233% overall increase. KNX expects its second-quarter 2026 adjusted earnings per share to be in the range of 45-49 cents. Knight-Swift Transportation Holdings Inc. (KNX - Free Report) performed well in the past year and has the potential to sustain the momentum in the future. The positive sentiment surrounding KNX stock is evident from the fact that the Zacks Consensus Estimate for the third quarter of 2026 and the fourth quarter of 2026 earnings has been revised upward in the past 60 days. The consensus mark for 2026 and 2027 earnings has also been projected northward in the past 60 days.
The favorable estimate revisions indicate brokers’ confidence in the stock.
Image Source: Zacks Investment Research
Now, the question is whether it is worth buying, holding, or selling the Knight-Swift stock at current prices. Let us delve deeper to find out.
Tailwinds Working in Favor of Knight-Swift StockKnight-Swift has been active on the acquisition front to strengthen its revenue stream, which is likely to drive growth and margin expansion.
Knight-Swift has proactively reduced its tractor fleet to better align with demand, which helps improve asset utilization and profitability as market conditions improve. To this end, Knight-Swift announced (on March 16, 2026) that it has inked a deal with TRANSTEX, a cleantech leader in emission-reducing solutions for the transportation sector. Per the deal, TRANSTEX will be purchasing FleetAero assets from Knight-Swift. The capacity discipline is a major tailwind for this trucking company.
Additionally, Knight-Swift’s shareholder-friendly initiatives in the form of dividend payments and share buybacks make it a good investor choice. As a reflection of its shareholder-friendly instance, in 2022, 2023 and 2024, KNX paid dividends of $78.30 million, $91.14 million and $104.15 million, respectively. During 2025, KNX paid dividends of $117.44 million. Knight-Swift has raised its quarterly dividend annually for seven consecutive years for a 233% overall increase. Consistent and rising dividend paymentsmay encourage investors to stay invested, thus stemming price declines.
KNX Stock’s Price PerformanceShares of KNX stock have gained 46% so far this year, outperforming the transportation-truck industry’s 43.1% surge, as well as that of other industry players, Old Dominion Freight Line, Inc. (ODFL - Free Report) and Werner Enterprises, Inc. (WERN - Free Report) within the same time frame.
KNX Stock’s YTD Price Comparison Image Source: Zacks Investment Research
Impressive Valuation Picture for Knight-SwiftKnight-Swift looks cheap from a valuation standpoint. Considering the forward 12-month price-to-earnings ratio (P/E-F12M), KNX is trading at a discount compared to the industry.
The stock has a forward 12-month P/E-F12M of 27.92X compared with 33.74X for the industry over the past five years. These factors indicate that the stock’s valuation is attractive.
Knight-Swift P/E Ratio (Forward 12 Months) Vs. Industry Image Source: Zacks Investment Research
Time to Buy KNX StockIt is understood that KNX stock is currently attractively valued. Consistent shareholder-friendly initiatives boost investor confidence and positively impact the bottom line. Knight-Swift has raised its quarterly dividend annually for seven consecutive years for a 233% overall increase. Apart from being shareholder-friendly, Knight-Swift has been active on the acquisition front to strengthen its revenue stream, which is likely to drive growth and margin expansion. Knight-Swift has proactively reduced its tractor fleet to better align with demand, which helps improve asset utilization and profitability as market conditions improve.
We believe that the positives surrounding the stock (as highlighted throughout the write-up) outweigh the concerns regarding rising expenses related to salaries, wages, and benefits, equipment, maintenance, fuel, and other expenses and driver shortage issues. We, therefore, suggest investors add Knight-Swift stock to their portfolios for healthy returns. The company’s Zacks Rank #2 (Buy) further supports our thesis. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
