Knight-Swift EPS Guidance Cut to $0.08–$0.10, Price Target Lowered
Analyst Raymond James reduced its price target for Knight-Swift to $70 from $76 but maintained a strong buy rating, signaling confidence in long-term growth. The company cut first-quarter adjusted EPS guidance to $0.08–$0.10 from $0.28–$0.32 citing fuel costs, winter weather, arbitration and deferred project impacts.
1. Analyst Lowers Price Target
Raymond James lowered its price target from $76 to $70 while maintaining a strong buy rating, reflecting belief in Knight-Swift’s long-term prospects despite near-term headwinds.
2. EPS Guidance Reduction
The company trimmed its first-quarter adjusted EPS guidance to a range of $0.08–$0.10, down from a prior $0.28–$0.32 forecast, attributing the decline to higher fuel expenses and severe winter conditions.
3. Arbitration and Deferred Project Impacts
An unfavorable arbitration award reduced EPS by $0.08 per share, and deferred warehousing projects contributed an additional $0.05-per-share negative impact, pressuring short-term earnings.
4. Stock Performance and Upcoming Results
Shares reached a 52-week high of $66 ahead of key Q1 results on April 22, which investors will scrutinize for signs of a recovery or further underperformance.