Knight-swift Transportation Stock Fair Value Calculator – KNIGHT-SWIFT TRANSPORTATION Reports Second Quarter FY2023 Earnings Results

🌥️Earnings Overview

KNIGHT-SWIFT ($NYSE:KNX): Knight-Swift Transportation announced its financial results for the second quarter of FY2023, which ended on June 30, 2023. The total revenue for the quarter amounted to USD 1553.0 million, a decrease of 20.8% compared to the same period last year. Net income decreased by 71.1%, to USD 63.3 million, year-on-year.

Stock Price

The stock opened at $56.3 and closed at $55.8, which is a decline of 0.9% from the previous closing price of 56.4. In addition, the company has also expressed confidence in its outlook for the rest of fiscal year 2023. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Knight-swift Transportation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Knight-swift Transportation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Knight-swift Transportation. More…

Key Ratios Snapshot

Some of the financial key ratios for Knight-swift Transportation are shown below. More…

Analysis – Knight-swift Transportation Stock Fair Value Calculator

At GoodWhale, we analyze KNIGHT-SWIFT TRANSPORTATION‘s fundamentals to provide our users with the most accurate advice. Our Valuation Line indicates that the intrinsic value of KNIGHT-SWIFT TRANSPORTATION’s share is around $61.2. As of today, the stock is traded at $55.8, which represents a fair price that is currently undervalued by 8.8%. Thus, it is a good time for investors to consider buying KNIGHT-SWIFT TRANSPORTATION shares. More…

Peers

Knight-Swift Transportation Holdings Inc is one of the largest trucking companies in the United States. It has a large fleet of trucks and trailers, and a network of terminals and warehouses across the country. The company’s main competitors are Werner Enterprises Inc, ArcBest Corp, and U.S. Xpress Enterprises Inc.

– Werner Enterprises Inc ($NASDAQ:WERN)

Werner Enterprises Inc is a transportation and logistics company that provides truckload, dedicated, intermodal and logistics services. It has a market cap of 2.46B as of 2022 and a Return on Equity of 20.57%. The company was founded in 1956 and is headquartered in Omaha, Nebraska.

– ArcBest Corp ($NASDAQ:ARCB)

ArcBest Corporation is an American holding company headquartered in Fort Smith, Arkansas. Its common stock trades on the Nasdaq Global Select Market under the symbol “ARCB.” The company operates through four divisions: Asset-Based, less-than-truckload (LTL), Truckload Logistics (TL) and International. ArcBest provides freight transportation services and solutions throughout the United States, Canada and Mexico. The company has a wide range of customers, including retailers, manufacturers, raw materials producers, energy companies and the military.

– U.S. Xpress Enterprises Inc ($NYSE:USX)

U.S. Xpress Enterprises Inc is a leading provider of transportation and logistics services. The company has a market cap of 123.02M as of 2022 and a Return on Equity of 2.37%. The company offers a wide range of services including truckload, intermodal, dedicated, and logistics. The company has a strong presence in the United States and Canada.

Summary

Knight-Swift Transportation reported a second quarter revenue of USD 1553.0 million and net income of USD 63.3 million for FY2023 ending June 30, 2023. Compared to the same period last year, total revenue declined by 20.8%, while net income decreased by 71.1%. This could indicate that the company may be facing some financial difficulties. Investors should carefully evaluate Knight-Swift’s financials and assess whether its long-term prospects are still attractive.

Additionally, investors should keep an eye on any strategic changes the company implements to improve its financial performance.