Knight-Swift faces challenges with negative earnings estimates and underperforming stock

From Nasdaq: 2024-12-10 12:56:00

Knight-Swift Transportation Holdings Inc. (KNX) faces challenges, with earnings estimates revised downward. The company holds a Zacks Rank #5 (Strong Sell) and its stock has underperformed the industry. KNX has a history of negative earnings surprises and is expected to see a decline in 2024 earnings. High operating costs and leverage issues further impact the company’s financial health.

For a better investment option, consider stocks like Expeditors International of Washington, Inc. (EXPD) and Wabtec Corporation (WAB), which have positive earnings surprise histories and growth expectations for 2024. EXPD’s stock has a 6.4% upward earnings estimate revision and WAB’s stock has gained 57.4% this year. Both companies offer a more promising outlook compared to KNX.

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Read more at Nasdaq: Here’s Why You Should Give Knight-Swift Stock a Miss Now