Shares of trucking firm Knight-Swift Transportation are soaring after earnings. The results, however, were good, not great. The reaction says more about the mood of investors than the trucking business or the economy.
It’s a solid quarter. Guidance was actually cut by a nickel. The EPS midpoint for 2023 is now $2.15 from $2.20. Still, the updated full-year guidance implies EPS of about 52 cents a share in the fourth quarter. Wall Street is modeling 47 cents.“Freight demand remains stable at low levels in the truckload market and relatively strong in the less-than-truckload market,” said CEO David Jackson in a news release.
It’s a great move for a good quarter. TD Cown analyst Jason Seidl called the quarter in line and wrote that fourth-quarter guidance was a little better than expectations, but didn’t change his Buy rating or $58 price target.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »