Knight Transportation (KNX) stock surged 5.04% in after-hours trading on Wednesday, following the release of its fourth-quarter 2024 earnings results. The company reported better-than-expected earnings and provided an optimistic outlook for 2025, fueling investor optimism.
For the fourth quarter, Knight Transportation reported adjusted earnings per share of $0.36, surpassing the consensus estimate of $0.33. While revenue of $1.86 billion fell slightly short of expectations at $1.88 billion, the company's strong profitability and guidance for the upcoming quarter boosted investor confidence.
Looking ahead, Knight Transportation expects adjusted earnings per share for the first quarter of 2025 to range between $0.29 and $0.33, with the midpoint slightly above analysts' estimates. The company also anticipates a gradual recovery in market conditions throughout 2025, indicating potential for further improvement in financial performance.
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