Zacks Research Has Bearish Forecast for KNX Q3 Earnings

Knight-Swift Transportation Holdings Inc. (NYSE:KNX) – Research analysts at Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for shares of Knight-Swift Transportation in a note issued to investors on Wednesday, August 5th. Zacks Research analyst Team now anticipates that the transportation company will post earnings of $0.53 per share for the quarter, down from their prior forecast of $0.57. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Knight-Swift Transportation’s current full-year earnings is $2.42 per share. Zacks Research also issued estimates for Knight-Swift Transportation’s Q4 2026 earnings at $0.56 EPS, Q2 2027 earnings at $0.60 EPS, Q4 2027 earnings at $0.79 EPS, Q2 2028 earnings at $0.83 EPS and FY2028 earnings at $3.99 EPS.

Knight-Swift Transportation (NYSE:KNX) last issued its quarterly earnings data on Wednesday, July 22nd. The transportation company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Knight-Swift Transportation had a net margin of 0.56% and a return on equity of 3.51%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 EPS. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS.

Several other research firms have also commented on KNX. Citigroup upgraded Knight-Swift Transportation from a “neutral” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Thursday, July 9th. Wells Fargo & Company raised their price objective on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. UBS Group lifted their price objective on Knight-Swift Transportation from $79.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Susquehanna boosted their price objective on Knight-Swift Transportation from $90.00 to $96.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. Finally, Benchmark raised their target price on shares of Knight-Swift Transportation from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Knight-Swift Transportation presently has an average rating of “Moderate Buy” and a consensus target price of $84.44.

Knight-Swift Transportation Stock Down 1.1%

KNX opened at $70.81 on Thursday. The firm’s 50 day simple moving average is $75.51 and its two-hundred day simple moving average is $65.82. The company has a market capitalization of $11.51 billion, a PE ratio of 272.37, a PEG ratio of 0.61 and a beta of 1.18. Knight-Swift Transportation has a 1-year low of $38.63 and a 1-year high of $82.86. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KNX. Blue Trust Inc. boosted its stake in Knight-Swift Transportation by 123.9% during the first quarter. Blue Trust Inc. now owns 544 shares of the transportation company’s stock valued at $31,000 after buying an additional 301 shares during the last quarter. Clearstead Advisors LLC raised its holdings in shares of Knight-Swift Transportation by 134.6% during the 4th quarter. Clearstead Advisors LLC now owns 671 shares of the transportation company’s stock worth $35,000 after acquiring an additional 385 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Knight-Swift Transportation during the 4th quarter valued at approximately $39,000. Fifth Third Bancorp grew its holdings in shares of Knight-Swift Transportation by 44.4% in the fourth quarter. Fifth Third Bancorp now owns 868 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 267 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in Knight-Swift Transportation by 1,478.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the transportation company’s stock worth $35,000 after purchasing an additional 828 shares during the last quarter. Hedge funds and other institutional investors own 88.77% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Cary M. Flanagan sold 3,600 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $70.82, for a total transaction of $254,952.00. Following the completion of the transaction, the chief accounting officer owned 5,405 shares in the company, valued at approximately $382,782.10. This represents a 39.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Reid Dove sold 50,000 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $70.25, for a total transaction of $3,512,500.00. Following the transaction, the director directly owned 169,154 shares of the company’s stock, valued at $11,883,068.50. The trade was a 22.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.90% of the stock is currently owned by corporate insiders.

Knight-Swift Transportation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 8th. Knight-Swift Transportation’s payout ratio is 307.69%.

Knight-Swift Transportation Company Profile

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.