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StocksMedium•18 April 2026•

1 min read

TD Cowen Reaffirms Buy Rating for Knight Transportation Despite Q1 Earnings Miss

Key Facts

1Knight Transportation pre-announced adjusted EPS of $0.09, missing TD Cowen's estimate of $0.22.

2TD Cowen maintained a 'Buy' rating and a $60.00 price target for the stock.

Knight Transportation (KNX) reported adjusted earnings per share of $0.09 for the first quarter, significantly missing TD Cowen's estimate of $0.22. Despite the shortfall, TD Cowen maintained its 'Buy' rating and a $60.00 price target for the stock. The earnings miss was primarily attributed to non-recurring items, including one-time claims and delays in the warehousing business. Additionally, adverse tax decisions in Mexico contributed to the lower-than-expected financial performance. Analysts noted that excluding these temporary factors, the underlying EPS would have exceeded market expectations. This reiteration suggests confidence in the company's long-term fundamentals within the transportation and logistics sector.