Analyst Consensus ?
ConsensusBuy35 ratings
Bullish2262.9%
Neutral1234.3%
Bearish12.8%
Knight-Swift Transportation Holdings Inc. · KNX · FY2025 Q4 · Calendar Q1 2026
Knight-Swift: Cost cuts improve margins as demand remains soft
The quarter supports a cautiously constructive operating thesis: cost reductions and capacity tightening may help margins, but soft demand and the timing of LTL recovery remain material tests. The evidence is not yet sufficient to treat a broader earnings-growth case as established.
Reported After market closeNYSEIndustrials
$10.29B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.31
Consensus $0.36
EPS surprise
-13.9%
Reported versus consensus
Reported revenue
$1.86B
Consensus $1.90B
Revenue surprise
-2.3%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+2.6%
Event window
SPY move
+0.5%
Same window
Abnormal move
+2.1%
Stock minus SPY
Volume
2.7×
Versus trailing sessions
Subsequent drift
+3.8%
Up to 20 sessions
KNXSPY benchmark
Ask FN2 about KNX FY2025 Q4
Transcript, numbers and history already loaded
Why did KNX rise 2.6% after missing EPS estimates in FY2025 Q4?What changed in KNX's guidance and outlook in FY2025 Q4?Give me the bull and bear case for KNX after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior analysis, the focus shifted from elevated insurance and claims pressure toward sequential truckload margin improvement, while the Abilene integration produced a $52.9 million non-cash impairment. Management also emphasized intensified regulatory enforcement, AI and routing tools, and a gradual 2026 recovery path.
Guidance delta
Maintained: management reiterated Q1 2026 adjusted EPS guidance of $0.28-$0.32, pointing to stable conditions and gradual margin recovery.
Key takeaways
- Revenue declined modestly and GAAP earnings were pressured by a $52.9 million impairment tied to the Abilene integration.
- Cost-out initiatives reduced variable and fixed expenses and improved truckload margins sequentially.
- Management sees regulatory enforcement and capacity tightening as potential supports for pricing and margins in 2026.
- LTL growth priorities include network expansion, unified branding and larger-share bid opportunities.
- The main counterweight is continued low demand, especially seasonal Q1 weakness, alongside cargo theft and compliance risks.
Management priorities
- Roll out AI-driven routing and fuel-optimization tools in 2026.
- Continue cost-out programs across maintenance, fuel, insurance and overhead.
- Rationalize the network and pace facility expansion deliberately.
- Unify the LTL brand and improve truckload/LTL demand matching.
- Expand intermodal partnerships and equipment leasing activities.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$63.2Previous close
$35Low
$70.53Average
$91High
Latest persisted target per named analyst; persisted previous close 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 previous close $63.2. 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 | +29.7% | Oct 13, 2026 |
| UBS | Analyst unavailable | $90 | $64.92 | +42.4% | Oct 9, 2026 |
| Stifel Nicolaus | Bruce Chan | $90 | $63.62 | +42.4% | Oct 8, 2026 |
| Wells Fargo | Analyst unavailable | $81 | $65.24 | +28.2% | Oct 6, 2026 |
| Susquehanna | Analyst unavailable | $85 | $66.18 | +34.5% | Oct 2, 2026 |
| Bernstein | Analyst unavailable | $91 | $68.79 | +44.0% | Sep 10, 2026 |
| Morgan Stanley | Analyst unavailable | $90 | $66.73 | +42.4% | Sep 2, 2026 |
| Evercore ISI | Analyst unavailable | $85 | $72.86 | +34.5% | Jul 23, 2026 |
| Stifel Nicolaus | Analyst unavailable | $88 | $76 | +39.2% | Jul 23, 2026 |
| Stifel Nicolaus | Analyst unavailable | $85 | $75.19 | +34.5% | Jul 13, 2026 |
| Morgan Stanley | Analyst unavailable | $100 | $76.12 | +58.2% | Jul 6, 2026 |
| Raymond James | Analyst unavailable | $91 | $77.37 | +44.0% | Jul 2, 2026 |
| Barclays | Analyst unavailable | $90 | $74.52 | +42.4% | Jun 25, 2026 |
| Goldman Sachs | Analyst unavailable | $86 | $75.4 | +36.1% | Jun 23, 2026 |
| Wells Fargo | Christian Wetherbee | $86 | $78.57 | +36.1% | Jun 5, 2026 |
| Susquehanna | Analyst unavailable | $90 | $77.93 | +42.4% | Jun 2, 2026 |
| UBS | Analyst unavailable | $94 | $76.32 | +48.7% | Jun 1, 2026 |
| Deutsche Bank | Analyst unavailable | $88 | $72.93 | +39.2% | May 27, 2026 |
| Evercore ISI | Analyst unavailable | $66 | $63.87 | +4.4% | May 11, 2026 |
| Stifel Nicolaus | Analyst unavailable | $70 | $66.47 | +10.8% | Apr 23, 2026 |
| Robert W. Baird | Analyst unavailable | $70 | $63.97 | +10.8% | Apr 23, 2026 |
| Raymond James | David Hicks | $70 | $64.4 | +10.8% | Apr 20, 2026 |
| Evercore ISI | Analyst unavailable | $65 | $55.51 | +2.8% | Mar 26, 2026 |
| Wells Fargo | Analyst unavailable | $64 | $52.01 | +1.3% | Mar 13, 2026 |
| Stephens | Analyst unavailable | $63 | $58.04 | -0.3% | Jan 22, 2026 |
| Stifel Nicolaus | Analyst unavailable | $61 | $57.02 | -3.5% | Jan 22, 2026 |
| Susquehanna | Analyst unavailable | $60 | $57.93 | -5.1% | Jan 22, 2026 |
| UBS | Analyst unavailable | $54 | $57.93 | -14.6% | Jan 22, 2026 |
| Barclays | Brandon Oglenski | $65 | $57.17 | +2.8% | Jan 15, 2026 |
| Stifel Nicolaus | Analyst unavailable | $63 | $57.02 | -0.3% | Jan 14, 2026 |
| Evercore ISI | Analyst unavailable | $61 | $56.75 | -3.5% | Jan 12, 2026 |
| Susquehanna | Bascome Majors | $58 | $56.22 | -8.2% | Jan 8, 2026 |
| Wells Fargo | Analyst unavailable | $60 | $54.05 | -5.1% | Jan 6, 2026 |
| Robert W. Baird | Analyst unavailable | $62 | $53.49 | -1.9% | Dec 16, 2025 |
| Stifel Nicolaus | Analyst unavailable | $59 | $53.19 | -6.6% | Dec 16, 2025 |
| Morgan Stanley | Ravi Shanker | $70 | $51.3 | +10.8% | Dec 8, 2025 |
| Stifel Nicolaus | Analyst unavailable | $52 | $47.39 | -17.7% | Oct 23, 2025 |
| Susquehanna | Analyst unavailable | $42 | $45.57 | -33.5% | Oct 23, 2025 |
| Raymond James | Analyst unavailable | $59 | $42.73 | -6.6% | Oct 14, 2025 |
| Morgan Stanley | Analyst unavailable | $67 | $41.41 | +6.0% | Oct 6, 2025 |
| Stifel Nicolaus | Analyst unavailable | $45 | $39.9 | -28.8% | Oct 3, 2025 |
| Barclays | Brandon Oglenski | $50 | $38.94 | -20.9% | Oct 2, 2025 |
| Deutsche Bank | Richa Harnain | $53 | $38.94 | -16.1% | Oct 1, 2025 |
| Evercore ISI | Analyst unavailable | $42 | $40.15 | -33.5% | Sep 30, 2025 |
| Susquehanna | Analyst unavailable | $52 | $44.3 | -17.7% | Jun 24, 2025 |
| Stifel Nicolaus | Bruce Chan | $42 | $38.88 | -33.5% | Apr 25, 2025 |
| UBS | Thomas Wadewitz | $46 | $39.03 | -27.2% | Apr 22, 2025 |
| Stifel Nicolaus | Bruce Chan | $49 | $40.54 | -22.5% | Apr 14, 2025 |
| Susquehanna | Bascome Majors | $54 | $44.37 | -14.6% | Mar 26, 2025 |
| National Bank | Analyst unavailable | $63 | $47.88 | -0.3% | Mar 4, 2025 |
| Citigroup | Ariel Rosa | $55 | $51.72 | -13.0% | Oct 8, 2024 |
| Evercore ISI | Jon Chappell | $53 | $48.89 | -16.1% | Jun 25, 2024 |
| Wells Fargo | Christian Wetherbee | $56 | $48.14 | -11.4% | Jun 7, 2024 |
| Stifel Nicolaus | Bruce Chan | $47 | $47.14 | -25.6% | Apr 26, 2024 |
| Robert W. Baird | Benjamin Hartford | $60 | $48.51 | -5.1% | Apr 25, 2024 |
| Evercore ISI | Jon Chappell | $55 | $48.51 | -13.0% | Apr 25, 2024 |
| Stifel Nicolaus | Bruce Chan | $53 | $48.53 | -16.1% | Apr 18, 2024 |
| Susquehanna | Bascome Majors | $50 | $48.53 | -20.9% | Apr 18, 2024 |
| Loop Capital Markets | Rick Paterson | $53 | $48.53 | -16.1% | Apr 17, 2024 |
| Deutsche Bank | Amit Mehrotra | $61 | $48.98 | -3.5% | Apr 17, 2024 |
| Barclays | Brandon Oglenski | $62 | $55.02 | -1.9% | Apr 1, 2024 |
| Morgan Stanley | Ravi Shanker | $75 | $50.61 | +18.7% | Oct 20, 2023 |
| Susquehanna | Bascome Majors | $51 | $56.32 | -19.3% | Jul 21, 2023 |
| Deutsche Bank | Analyst unavailable | $69 | $54.54 | +9.2% | Nov 29, 2022 |
| Susquehanna | Analyst unavailable | $65 | $50.22 | +2.8% | Jul 21, 2022 |
| Raymond James | Analyst unavailable | $55 | $50.22 | -13.0% | Jul 21, 2022 |
| Wells Fargo | Analyst unavailable | $58 | $47.85 | -8.2% | Jul 15, 2022 |
| Barclays | Analyst unavailable | $58 | $47.7 | -8.2% | Jul 13, 2022 |
| Stifel Nicolaus | Bert Subin | $67 | $49 | +6.0% | Jul 12, 2022 |
| Evercore ISI | Jonathan Chappell | $35 | $48.09 | -44.6% | Jul 12, 2022 |
| Raymond James | Analyst unavailable | $53 | $47.83 | -16.1% | Apr 25, 2022 |
| Raymond James | Analyst unavailable | $50 | $48.34 | -20.9% | Apr 20, 2022 |
| Raymond James | Felix Boeschen | $62 | $54.42 | -1.9% | Jan 27, 2022 |
| Evercore ISI | Jonathan Chappell | $63 | $54.42 | -0.3% | Jan 27, 2022 |
| Morgan Stanley | Ravi Shanker | $85 | $54.42 | +34.5% | Jan 27, 2022 |
| Goldman Sachs | Jordan Alliger | $60 | $54.03 | -5.1% | Jan 26, 2022 |
| Wells Fargo | Allison Poliniak-Cusic | $69 | $61.26 | +9.2% | Dec 13, 2021 |
| Stifel Nicolaus | Joseph DeNardi | $72 | $60.47 | +13.9% | Dec 7, 2021 |
| UBS | Thomas Wadewitz | $67 | $60.34 | +6.0% | Dec 7, 2021 |
| Citigroup | Christian Wetherbee | $64 | $60.34 | +1.3% | Dec 7, 2021 |
| KeyBanc | Todd Fowler | $70 | $58.17 | +10.8% | Nov 23, 2021 |
| Stephens | Jack Atkins | $67 | $56.52 | +6.0% | 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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Get the KNX recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-22T08:20:45.156616+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-22T08:20:45.153896+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.