Knight Transportation (KNX)
NYSE:KNX
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Earnings Data
Report Date
Jul 22, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.47Last Year’s EPS
0.35Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced near-term, largely one-time headwinds (adverse claim ruling, VAT decision, weather/fuel impacts and securitization costs) and YoY earnings pressure against clear signs of market inflection and operational progress. Management highlighted strengthening truckload pricing, improved LTL tonnage and mix, intermodal momentum, structural cost reductions, tighter carrier qualifications and a constructive Q2 earnings guide ($0.45–$0.49 adjusted EPS). While several nonrecurring and timing-related negatives materially depressed Q1 results, the company presented a credible path to margin recovery driven by capacity reduction, bid-renewal momentum and operational leverage across segments.Company Guidance
Improving Truckload Pricing Environment and Bid Activity
Late in Q1 management saw mid-single-digit rate increases with volumes holding or growing; company shifted bid targets to high single- to low double-digit percentage increases as incumbents revisit contracts and turndown/turn-back activity increases.
Positive Q2 Guidance — Large Sequential Upside
Company projects Q2 adjusted EPS of $0.45 to $0.49, representing a larger-than-normal sequential increase driven by nonrecurring Q1 headwinds being behind them and improving freight fundamentals.
Truckload Yield and Efficiency Gains
Truckload revenue per loaded mile (ex-fuel) improved 1.4% year-over-year; miles per tractor improved for the seventh consecutive quarter, and adjusted operating ratio only degraded 70 bps to 96.3% despite weather/fuel headwinds.
LTL Freight Mix, Tonnage and Yield Improvements
LTL revenue excluding fuel grew 2.6% YoY driven by a 5.2% increase in weight per shipment and an 8.5% increase in length of haul; March average daily tonnage was up ~7% YoY and Q1 tonnage built sequentially (Jan +1.6%, Feb +2.6%, Mar +6.9%).
Intermodal Growth Momentum
Intermodal revenue grew 2.7% YoY with load count up 1.2% and revenue per load up 1.6%; March load count accelerated +8.4% YoY and operating ratio improved 50 bps YoY.
Logistics Gross Margin Improving Sequentially
Although Logistics revenue declined YoY, gross margin recovered 110 bps sequentially from Q4 and management reports gross margin of 16.6% for Q1 with an adjusted operating ratio of 96.2% (degraded only 70 bps YoY).
Proactive Safety and Carrier Qualification Actions
Company significantly tightened carrier qualification standards (carrier base down ~30% since the beginning of the year) and emphasized safety initiatives (hair-follicle testing adoption internally) expected to improve long-term service quality and reduce claims/insurance costs.
Structural Cost Reductions and Operating Leverage
Management cites two years of structural cost reductions and ongoing opportunities to drive incremental margin as the market improves; LTL shows improving purchased transportation %, equipment rent and variable labor per shipment year-over-year.
KNX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KNX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $63.36 | $64.90 | +2.43% |
Jan 21, 2026 | $57.74 | $59.24 | +2.61% |
Oct 22, 2025 | $47.07 | $43.71 | -7.13% |
Jul 30, 2025 | $41.90 | $42.04 | +0.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Knight Transportation (KNX) report earnings?
Knight Transportation (KNX) is schdueled to report earning on Jul 22, 2026, After Close (Confirmed).
What is Knight Transportation (KNX) earnings time?
Knight Transportation (KNX) earnings time is at Jul 22, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KNX EPS forecast?
KNX EPS forecast for the fiscal quarter 2026 (Q2) is 0.47.
