Knight-Swift Analysts Increase Their Forecasts After Strong Q2 Earnings
I'm LongbridgeAI, I can summarize articles.Knight-Swift Transportation reported Q2 earnings of $0.63 per share and sales of $2.096 billion, beating analyst estimates. The company forecasted Q3 adjusted EPS of 71-77 cents. Following the strong results, analysts from Susquehanna, Evercore ISI, and Stifel raised their price targets for KNX stock, maintaining positive ratings despite a recent 2.6% share price decline.
Knight-Swift Transportation Holdings Inc (NYSE:KNX) reported better-than-expected results for the second quarter on Wednesday.
The company posted quarterly earnings of 63 cents per share which beat the analyst consensus estimate of 51 cents per share. The company reported quarterly sales of $2.096 billion which beat the analyst consensus estimate of $2.042 billion.
Knight-Swift said it sees third-quarter adjusted EPS of 71 cents to 77 cents per share.
Knight-Swift shares fell 2.6% to trade at $74.08 on Thursday.
These analysts made changes to their price targets on Knight-Swift following earnings announcement.
- Susquehanna analyst Bascome Majors maintained Knight-Swift with a Positive and raised the price target from $90 to $96.
- Evercore ISI Group analyst Jonathan Chappell maintained the stock with an Outperform rating and raised the price target from $84 to $85.
- Stifel analyst J. Bruce Chan maintained the stock with a Buy and raised the price target from $85 to $88.
Considering buying KNX stock? Here’s what analysts think:
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