These Analysts Revise Their Forecasts On Knight-Swift Following Q3 Results
Avi Kapoor 1 week ago
MarketsTrading IdeasNewsAnalyst RatingsPrice TargetEarnings
Knight-Swift beat Q3 estimates with EPS of $0.83 and sales of $2.20B. Q4 EPS guidance is $0.78-$0.84; analysts gave mixed target changes.
Knight-Swift Transportation Holdings Inc (NYSE:KNX) posted better-than-expected earnings for the third quarter.
The company posted adjusted earnings of 83 cents per share, beating market estimates of 76 cents per share. The company’s sales came in at $2.200 billion versus estimates of $2.155 billion.
Knight-Swift said it sees fourth-quarter adjusted earnings of 78 cents to 84 cents per share.
Knight-Swift shares rose 0.1% to trade at $63.26 on Thursday.
These analysts made changes to their price targets on Knight-Swift following earnings announcement.
- Stifel analyst J. Bruce Chan maintained the stock with a Buy and raised the price target from $90 to $92.
- JP Morgan analyst Brian Ossenbeck maintained the stock with a Neutral and raised the price target from $68 to $74.
- Wells Fargo analyst Christian Wetherbee maintained the stock with an Overweight rating and lowered the price target from $81 to $79.
- Evercore ISI Group analyst Jonathan Chappell maintained the stock with an Outperform rating and raisd the price target from $74 to $79.
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