Equities research analysts expect Daseke Inc (NASDAQ:DSKE) to post earnings of ($0.07) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Daseke’s earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at ($0.14). The firm is expected to announce its next earnings report on Thursday, February 8th.
On average, analysts expect that Daseke will report full-year earnings of ($0.59) per share for the current fiscal year, with EPS estimates ranging from ($0.59) to ($0.58). For the next year, analysts forecast that the business will post earnings of $0.01 per share, with EPS estimates ranging from ($0.08) to $0.09. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Daseke.
Daseke (NASDAQ:DSKE) last issued its earnings results on Thursday, November 9th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.09). The business had revenue of $231.32 million for the quarter, compared to analysts’ expectations of $214.48 million. The company’s revenue was up 32.8% on a year-over-year basis.
Several brokerages have commented on DSKE. BidaskClub lowered shares of Daseke from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Northland Securities restated a “buy” rating and issued a $17.50 price target on shares of Daseke in a research note on Monday, December 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $14.88.
An institutional investor recently raised its position in Daseke stock. Schwab Charles Investment Management Inc. raised its position in Daseke Inc (NASDAQ:DSKE) by 93.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,320 shares of the company’s stock after purchasing an additional 66,176 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.31% of Daseke worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 34.22% of the company’s stock.
Shares of Daseke (DSKE) traded down $0.18 during trading hours on Friday, hitting $13.51. 40,619 shares of the company’s stock traded hands, compared to its average volume of 137,200. Daseke has a 12 month low of $8.76 and a 12 month high of $14.52. The company has a current ratio of 2.88, a quick ratio of 2.89 and a debt-to-equity ratio of 2.05.
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Daseke Company Profile
Daseke, Inc is a consolidator of the open deck freight market in North America. The Company provides open deck transportation and logistics. It operates through two segments: Flatbed Solutions and Specialized Solutions. The Flatbed Solutions segment focuses on delivering transportation and logistics solutions that principally require the use of flatbed and retractable-sided transportation equipment.
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