Freight delivery company Knight-Swift Transportation (NYSE: KNX) will be announcing earnings results this Wednesday after market close. Here’s what investors should know.

Knight-Swift Transportation met analysts’ revenue expectations last quarter, reporting revenues of $1.85 billion, up 1.4% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates.

Is Knight-Swift Transportation a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Knight-Swift Transportation’s revenue to grow 10.4% year on year, improving from its flat revenue in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Knight-Swift Transportation has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Knight-Swift Transportation’s peers in the transportation and logistics segment, only FedEx has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 12.5%. The stock price was unchanged following the results.

Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the transportation and logistics stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4% on average over the last month. Knight-Swift Transportation’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $86.44 (compared to the current share price of $75.31).

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