Daseke Inc (DSKE) Expected to Announce Earnings of -$0.07 Per Share

Wall Street analysts expect that Daseke Inc (NASDAQ:DSKE) will announce earnings of ($0.07) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued 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 business is scheduled to announce its next earnings results on Thursday, February 15th.

On average, analysts expect that Daseke will report full-year earnings of ($0.59) per share for the current financial year, with EPS estimates ranging from ($0.59) to ($0.58). For the next financial year, analysts forecast that the company will report earnings of $0.01 per share, with EPS estimates ranging from ($0.08) to $0.09. Zacks’ EPS averages are an average based on a survey of analysts that cover Daseke.

A number of research firms have recently issued reports on DSKE. BidaskClub upgraded Daseke from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Northland Securities restated a “buy” rating and issued a $17.50 price target on shares of Daseke in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $14.88.

A number of large investors have recently added to or reduced their stakes in DSKE. Emerald Advisers Inc. PA lifted its stake in Daseke by 53.5% during the fourth quarter. Emerald Advisers Inc. PA now owns 1,168,230 shares of the company’s stock worth $16,694,000 after purchasing an additional 407,273 shares in the last quarter. Boston Partners acquired a new position in Daseke during the fourth quarter worth $5,375,000. BlackRock Inc. lifted its stake in Daseke by 39.8% during the fourth quarter. BlackRock Inc. now owns 1,263,249 shares of the company’s stock worth $18,052,000 after purchasing an additional 359,494 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in Daseke by 58.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 324,191 shares of the company’s stock worth $4,633,000 after purchasing an additional 119,428 shares in the last quarter. Finally, Cadence Capital Management LLC acquired a new position in Daseke during the fourth quarter worth $1,641,000. Institutional investors own 37.89% of the company’s stock.

Daseke (NASDAQ DSKE) traded down $0.88 during trading hours on Tuesday, reaching $12.10. The company’s stock had a trading volume of 667,400 shares, compared to its average volume of 162,596. Daseke has a 52 week low of $8.76 and a 52 week high of $14.52. The company has a quick ratio of 2.89, a current ratio of 2.88 and a debt-to-equity ratio of 2.05.

WARNING: “Daseke Inc (DSKE) Expected to Announce Earnings of -$0.07 Per Share” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/13/daseke-inc-dske-expected-to-announce-earnings-of-0-07-per-share.html.

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.

Get a free copy of the Zacks research report on Daseke (DSKE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Daseke Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daseke and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply