Technical analysis:
The shares of $KNX have dropped around 10% after earnings miss.
As it is seen on the graph, $40.0 per share is acting as strong Support and the price can't break it down. Also, it is consolidating and moving sideways.
Fundamental analysis:
Knight-Swift Transporation (KNX) reported 4th Quarter December 2020 earnings of $0.94 per share on revenue of $1.3 billion. The consensus earnings estimate was $0.91 per share on revenue of $1.3 billion.
The company said in its earnings presentation it expects 2021 earnings of $3.20 to $3.40 per share. The current consensus earnings estimate is $3.34 per share for the year ending December 31, 2021.
As the company looking forward with positive date more and more investors will get in and buy the shares. So it has very nice BUY poin now.
Knight Transportation, Inc., is a provider of multiple truckload transportation services. Its services include dry van truckload, temperature-controlled truckload, truckload services, drayage, intermodal, and truckload freight brokerage services.
The shares of $KNX have dropped around 10% after earnings miss.
As it is seen on the graph, $40.0 per share is acting as strong Support and the price can't break it down. Also, it is consolidating and moving sideways.
Fundamental analysis:
Knight-Swift Transporation (KNX) reported 4th Quarter December 2020 earnings of $0.94 per share on revenue of $1.3 billion. The consensus earnings estimate was $0.91 per share on revenue of $1.3 billion.
The company said in its earnings presentation it expects 2021 earnings of $3.20 to $3.40 per share. The current consensus earnings estimate is $3.34 per share for the year ending December 31, 2021.
As the company looking forward with positive date more and more investors will get in and buy the shares. So it has very nice BUY poin now.
Knight Transportation, Inc., is a provider of multiple truckload transportation services. Its services include dry van truckload, temperature-controlled truckload, truckload services, drayage, intermodal, and truckload freight brokerage services.