Knight Transportation Earnings: What Investors Should Watch

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Knight Transportation (NYSE:KNX) will report earnings after markets close on Wednesday, July 24th. Knight Transportation, Inc. is a short-to-medium haul, dry van truckload carrier. The Company transports general commodities, including consumer goods, packaged foodstuffs, paper products, beverage containers, and imported and exported commodities. The Company operates throughout the United States.

Here is your Cheat Sheet to Knight Transportation Earnings:

Earnings Expectations: Analysts expect earnings of $0.24 per share on revenues of $248.79 million. Currently, the company’s P/E ratio stands at 19.98.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.25 to a profit $0.24. For the current year, the average estimate is a profit of $0.93, which is the same as the estimate ninety days ago.

Earnings Trends:

Here’s how Knight Transportation has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 767 652 731 866 936
Diluted EPS ($) 0.66 0.60 0.70 0.74 0.80

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 236.27 237.93 242.30 235.40
Diluted EPS ($) 0.24 0.21 0.22 0.19

Past Performance:
Knight Transportation has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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