Knight Transportation Earnings: Everything You Must Know Now

Knight Transportation Inc. (NYSE:KNX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Knight Transportation Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 5.56% to $0.19 in the quarter versus EPS of $0.18 in the year-earlier quarter.

Revenue: Rose 7.23% to $235.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Knight Transportation Inc. reported adjusted EPS income of $0.19 per share. By that measure, the company beat the mean analyst estimate of $0.18. It beat the average revenue estimate of $231 million.

Quoting Management: Kevin Knight, CEO, commented on the quarter, “Our ability to deliver revenue growth, year over year, for the 14th consecutive quarter, despite a challenging operating and economic environment, is a testament of our people, the value of our services to our customers, and the company we are building. Several years ago we only provided dry van truckload services. Today we are a company that provides a wide range of truckload logistics services. We are finding the most efficient ways to move loads for our customers.”

Key Stats (on next page)…

Revenue decreased 2.85% from $242.3 million in the previous quarter. EPS decreased 13.64% from $0.22 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.24 and has not changed. For the current year, the average estimate is a profit of $0.93, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)