Analyst Consensus ?
ConsensusBuy35 ratings
Bullish2262.9%
Neutral1234.3%
Bearish12.8%
Knight-Swift Transportation Holdings Inc. · KNX · FY2025 Q2 · Calendar Q3 2025
Knight-Swift: Cost controls lift margins as freight demand stays soft
The quarter supports a measured efficiency-led improvement case: management reported modest revenue growth, higher adjusted operating income and maintained Q3 adjusted EPS guidance despite soft freight conditions. The evidence is constructive but not conclusive because LTL integration costs, intermodal weakness and demand volatility remain material offsets.
Reported After market closeNYSEIndustrials
$10.29B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.35
Consensus $0.34
EPS surprise
+2.9%
Reported versus consensus
Reported revenue
$1.86B
Consensus $1.91B
Revenue surprise
-2.5%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-0.2%
Event window
SPY move
+0.0%
Same window
Abnormal move
-0.3%
Stock minus SPY
Volume
3.3×
Versus trailing sessions
Subsequent drift
-6.2%
Up to 20 sessions
KNXSPY benchmark
Ask FN2 about KNX FY2025 Q2
Transcript, numbers and history already loaded
Why did KNX fall 0.2% after beating EPS estimates in FY2025 Q2?What changed in KNX's guidance and outlook in FY2025 Q2?Give me the bull and bear case for KNX after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management’s tone became more confident, guidance sentiment moved from lowered to maintained, and the capex outlook shifted from increasing to decreasing. The emphasis also moved toward broader cost reduction, AI and data-science tools, DHE integration and Western LTL density.
Guidance delta
Management maintained Q3 adjusted EPS guidance at $0.36-$0.42 while reducing the capex outlook; the prior quarter had lowered guidance and omitted Q3 guidance.
Key takeaways
- Revenue grew modestly and adjusted operating income rose 17.2% year over year.
- Cost reduction and better utilization supported margin improvement across segments.
- LTL expanded after the DHE acquisition, but integration costs compressed profitability.
- The company reduced capex expectations while continuing selective technology, facility and equipment investment.
Management priorities
- Accelerate fixed- and variable-cost reductions.
- Complete DHE integration and build LTL density in the Western network.
- Use AI and data-science tools to improve processes and reduce cost to serve.
- Maintain pricing discipline and pursue project-based truckload demand.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$65.06Current
$35Low
$70.53Average
$91High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 22, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Oct 13, 2026 |
| Stifel | Buy | Buy | Maintain | Oct 8, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 7, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Oct 6, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Oct 5, 2026 |
| Susquehanna | Positive | Positive | Maintain | Oct 2, 2026 |
| B of A Securities | Buy | Buy | Maintain | Sep 23, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jul 23, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Jul 23, 2026 |
| Benchmark | Buy | Buy | Maintain | Jul 9, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Jul 6, 2026 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Jul 2, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jun 25, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Jun 23, 2026 |
| Baird | Outperform | Outperform | Maintain | Apr 23, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Jan 22, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Oct 2, 2025 |
| TD Securities | Buy | Buy | Maintain | Apr 24, 2025 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Jul 11, 2024 |
| Loop Capital | Hold | Buy | Downgrade | Apr 18, 2024 |
| Credit Suisse | Neutral | Outperform | Downgrade | May 17, 2023 |
| Keybanc | Overweight | Overweight | Maintain | Jan 27, 2023 |
| Cowen & Co. | Outperform | Market Perform | Upgrade | Sep 15, 2021 |
| Bank of America | Buy | Buy | Maintain | Dec 20, 2019 |
| Stifel Nicolaus | Hold | Buy | Downgrade | Jul 25, 2019 |
| Buckingham Research | Buy | Buy | Maintain | Oct 12, 2018 |
| Buckingham | Buy | Buy | Maintain | Oct 12, 2018 |
| Macquarie | Neutral | Outperform | Downgrade | Jul 28, 2016 |
| Avondale Partners | Market Underperform | Market Perform | Downgrade | Jun 23, 2016 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Apr 21, 2016 |
| Longbow Research | Neutral | Buy | Downgrade | Dec 4, 2015 |
| Wunderlich Securities | Hold | Hold | Maintain | Oct 7, 2014 |
| Wunderlich | Hold | Hold | Maintain | Oct 7, 2014 |
| BB&T Capital | Hold | Buy | Downgrade | Jul 3, 2013 |
| Sterne Agee | Neutral | Underperform | Upgrade | May 24, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $65.06. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $82 | $64.09 | +26.0% | Oct 13, 2026 |
| UBS | Analyst unavailable | $90 | $64.92 | +38.3% | Oct 9, 2026 |
| Stifel Nicolaus | Bruce Chan | $90 | $63.62 | +38.3% | Oct 8, 2026 |
| Wells Fargo | Analyst unavailable | $81 | $65.24 | +24.5% | Oct 6, 2026 |
| Susquehanna | Analyst unavailable | $85 | $66.18 | +30.6% | Oct 2, 2026 |
| Bernstein | Analyst unavailable | $91 | $68.79 | +39.9% | Sep 10, 2026 |
| Morgan Stanley | Analyst unavailable | $90 | $66.73 | +38.3% | Sep 2, 2026 |
| Evercore ISI | Analyst unavailable | $85 | $72.86 | +30.6% | Jul 23, 2026 |
| Stifel Nicolaus | Analyst unavailable | $88 | $76 | +35.2% | Jul 23, 2026 |
| Stifel Nicolaus | Analyst unavailable | $85 | $75.19 | +30.6% | Jul 13, 2026 |
| Morgan Stanley | Analyst unavailable | $100 | $76.12 | +53.7% | Jul 6, 2026 |
| Raymond James | Analyst unavailable | $91 | $77.37 | +39.9% | Jul 2, 2026 |
| Barclays | Analyst unavailable | $90 | $74.52 | +38.3% | Jun 25, 2026 |
| Goldman Sachs | Analyst unavailable | $86 | $75.4 | +32.2% | Jun 23, 2026 |
| Wells Fargo | Christian Wetherbee | $86 | $78.57 | +32.2% | Jun 5, 2026 |
| Susquehanna | Analyst unavailable | $90 | $77.93 | +38.3% | Jun 2, 2026 |
| UBS | Analyst unavailable | $94 | $76.32 | +44.5% | Jun 1, 2026 |
| Deutsche Bank | Analyst unavailable | $88 | $72.93 | +35.2% | May 27, 2026 |
| Evercore ISI | Analyst unavailable | $66 | $63.87 | +1.4% | May 11, 2026 |
| Stifel Nicolaus | Analyst unavailable | $70 | $66.47 | +7.6% | Apr 23, 2026 |
| Robert W. Baird | Analyst unavailable | $70 | $63.97 | +7.6% | Apr 23, 2026 |
| Raymond James | David Hicks | $70 | $64.4 | +7.6% | Apr 20, 2026 |
| Evercore ISI | Analyst unavailable | $65 | $55.51 | -0.1% | Mar 26, 2026 |
| Wells Fargo | Analyst unavailable | $64 | $52.01 | -1.6% | Mar 13, 2026 |
| Stephens | Analyst unavailable | $63 | $58.04 | -3.2% | Jan 22, 2026 |
| Stifel Nicolaus | Analyst unavailable | $61 | $57.02 | -6.2% | Jan 22, 2026 |
| Susquehanna | Analyst unavailable | $60 | $57.93 | -7.8% | Jan 22, 2026 |
| UBS | Analyst unavailable | $54 | $57.93 | -17.0% | Jan 22, 2026 |
| Barclays | Brandon Oglenski | $65 | $57.17 | -0.1% | Jan 15, 2026 |
| Stifel Nicolaus | Analyst unavailable | $63 | $57.02 | -3.2% | Jan 14, 2026 |
| Evercore ISI | Analyst unavailable | $61 | $56.75 | -6.2% | Jan 12, 2026 |
| Susquehanna | Bascome Majors | $58 | $56.22 | -10.9% | Jan 8, 2026 |
| Wells Fargo | Analyst unavailable | $60 | $54.05 | -7.8% | Jan 6, 2026 |
| Robert W. Baird | Analyst unavailable | $62 | $53.49 | -4.7% | Dec 16, 2025 |
| Stifel Nicolaus | Analyst unavailable | $59 | $53.19 | -9.3% | Dec 16, 2025 |
| Morgan Stanley | Ravi Shanker | $70 | $51.3 | +7.6% | Dec 8, 2025 |
| Stifel Nicolaus | Analyst unavailable | $52 | $47.39 | -20.1% | Oct 23, 2025 |
| Susquehanna | Analyst unavailable | $42 | $45.57 | -35.4% | Oct 23, 2025 |
| Raymond James | Analyst unavailable | $59 | $42.73 | -9.3% | Oct 14, 2025 |
| Morgan Stanley | Analyst unavailable | $67 | $41.41 | +3.0% | Oct 6, 2025 |
| Stifel Nicolaus | Analyst unavailable | $45 | $39.9 | -30.8% | Oct 3, 2025 |
| Barclays | Brandon Oglenski | $50 | $38.94 | -23.2% | Oct 2, 2025 |
| Deutsche Bank | Richa Harnain | $53 | $38.94 | -18.5% | Oct 1, 2025 |
| Evercore ISI | Analyst unavailable | $42 | $40.15 | -35.4% | Sep 30, 2025 |
| Susquehanna | Analyst unavailable | $52 | $44.3 | -20.1% | Jun 24, 2025 |
| Stifel Nicolaus | Bruce Chan | $42 | $38.88 | -35.4% | Apr 25, 2025 |
| UBS | Thomas Wadewitz | $46 | $39.03 | -29.3% | Apr 22, 2025 |
| Stifel Nicolaus | Bruce Chan | $49 | $40.54 | -24.7% | Apr 14, 2025 |
| Susquehanna | Bascome Majors | $54 | $44.37 | -17.0% | Mar 26, 2025 |
| National Bank | Analyst unavailable | $63 | $47.88 | -3.2% | Mar 4, 2025 |
| Citigroup | Ariel Rosa | $55 | $51.72 | -15.5% | Oct 8, 2024 |
| Evercore ISI | Jon Chappell | $53 | $48.89 | -18.5% | Jun 25, 2024 |
| Wells Fargo | Christian Wetherbee | $56 | $48.14 | -13.9% | Jun 7, 2024 |
| Stifel Nicolaus | Bruce Chan | $47 | $47.14 | -27.8% | Apr 26, 2024 |
| Robert W. Baird | Benjamin Hartford | $60 | $48.51 | -7.8% | Apr 25, 2024 |
| Evercore ISI | Jon Chappell | $55 | $48.51 | -15.5% | Apr 25, 2024 |
| Stifel Nicolaus | Bruce Chan | $53 | $48.53 | -18.5% | Apr 18, 2024 |
| Susquehanna | Bascome Majors | $50 | $48.53 | -23.2% | Apr 18, 2024 |
| Loop Capital Markets | Rick Paterson | $53 | $48.53 | -18.5% | Apr 17, 2024 |
| Deutsche Bank | Amit Mehrotra | $61 | $48.98 | -6.2% | Apr 17, 2024 |
| Barclays | Brandon Oglenski | $62 | $55.02 | -4.7% | Apr 1, 2024 |
| Morgan Stanley | Ravi Shanker | $75 | $50.61 | +15.3% | Oct 20, 2023 |
| Susquehanna | Bascome Majors | $51 | $56.32 | -21.6% | Jul 21, 2023 |
| Deutsche Bank | Analyst unavailable | $69 | $54.54 | +6.0% | Nov 29, 2022 |
| Susquehanna | Analyst unavailable | $65 | $50.22 | -0.1% | Jul 21, 2022 |
| Raymond James | Analyst unavailable | $55 | $50.22 | -15.5% | Jul 21, 2022 |
| Wells Fargo | Analyst unavailable | $58 | $47.85 | -10.9% | Jul 15, 2022 |
| Barclays | Analyst unavailable | $58 | $47.7 | -10.9% | Jul 13, 2022 |
| Stifel Nicolaus | Bert Subin | $67 | $49 | +3.0% | Jul 12, 2022 |
| Evercore ISI | Jonathan Chappell | $35 | $48.09 | -46.2% | Jul 12, 2022 |
| Raymond James | Analyst unavailable | $53 | $47.83 | -18.5% | Apr 25, 2022 |
| Raymond James | Analyst unavailable | $50 | $48.34 | -23.2% | Apr 20, 2022 |
| Raymond James | Felix Boeschen | $62 | $54.42 | -4.7% | Jan 27, 2022 |
| Evercore ISI | Jonathan Chappell | $63 | $54.42 | -3.2% | Jan 27, 2022 |
| Morgan Stanley | Ravi Shanker | $85 | $54.42 | +30.6% | Jan 27, 2022 |
| Goldman Sachs | Jordan Alliger | $60 | $54.03 | -7.8% | Jan 26, 2022 |
| Wells Fargo | Allison Poliniak-Cusic | $69 | $61.26 | +6.0% | Dec 13, 2021 |
| Stifel Nicolaus | Joseph DeNardi | $72 | $60.47 | +10.7% | Dec 7, 2021 |
| UBS | Thomas Wadewitz | $67 | $60.34 | +3.0% | Dec 7, 2021 |
| Citigroup | Christian Wetherbee | $64 | $60.34 | -1.6% | Dec 7, 2021 |
| KeyBanc | Todd Fowler | $70 | $58.17 | +7.6% | Nov 23, 2021 |
| Stephens | Jack Atkins | $67 | $56.52 | +3.0% | Oct 21, 2021 |
Track every rating change on KNX the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationKnight-Swift Transportation Holdings Inc. (KNX) stands as a prominent provider of transportation services, specializing in truckload freight solutions for clients throughout the United States, Mexico, and Canada. Its operational scope is segmented into four key areas: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Under its Trucking segment, the company manages a diverse portfolio of services, including irregular route, dedicated, temperature-controlled (refrigerated), flatbed, expedited, dry van, drayage, and cross-border transportation for a wide variety of goods and materials. Beyond its core trucking operations, Knight-Swift provides logistics and intermodal solutions, which include freight brokerage, intermodal services, comprehensive freight management, and various non-trucking offerings.…
Historical context
All KNX earningsIndustrials peers this season
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:55.686058+00:00
- Polygon adjusted daily market bars · 2026-10-22T11:20:46.070640+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-22T11:20:46.067562+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-22. For educational purposes only; not investment advice.