Knight-Swift Q3 earnings beat prompts higher price targets and cautious outlook
Oct 22, 2026, 3:10 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Solid Q3 beat and higher Q4 guidance commonly drive multiple expansion and price-target revisions; KNX could re-rate on sustaining freight demand tailwinds, though mixed target changes suggest modest uncertainty.
AI summary
What happened, with direct paths to the underlying reporting
Knight-Swift delivered a stronger-than-expected Q3, with adjusted EPS of 0.83 and revenue of $2.20B. Guidance for Q4 (0.78–0.84) prompted upward revisions to targets by multiple analysts. The stock traded near $63 in after-earnings activity, suggesting modest immediate upside as sentiment improves on freight demand stability.
Q3 adjusted EPS 0.83 vs 0.76 est; revenue $2.20B vs $2.16B.
Guidance: Q4 adj EPS 0.78–0.84.
Analysts lift KNX targets post-earnings: Stifel to $92; JPM to $74.
KNX shares around $63.26; momentum modest after beat.
Wells Fargo trims target to $79; Evercore lifts to $79.
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