Brokerages Anticipate Daseke Inc (NASDAQ:DSKE) to Announce -$0.07 EPS

Equities analysts expect that Daseke Inc (NASDAQ:DSKE) will post earnings per share of ($0.07) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Daseke’s earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.08). Daseke reported earnings of $0.20 per share in the same quarter last year, which would indicate a negative year over year growth rate of 135%. The firm is scheduled to report its next earnings results on Thursday, August 8th.

According to Zacks, analysts expect that Daseke will report full year earnings of ($0.36) per share for the current year, with EPS estimates ranging from ($0.41) to ($0.30). For the next year, analysts anticipate that the company will post earnings of ($0.19) per share, with EPS estimates ranging from ($0.35) to ($0.03). Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Daseke.

Daseke (NASDAQ:DSKE) last released its quarterly earnings results on Monday, May 6th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.12. Daseke had a positive return on equity of 5.50% and a negative net margin of 0.80%. The firm had revenue of $433.00 million during the quarter, compared to the consensus estimate of $420.96 million. During the same quarter in the prior year, the firm posted $0.10 EPS. The business’s revenue was up 32.2% on a year-over-year basis.



A number of equities analysts have weighed in on the company. ValuEngine downgraded Welbilt from a “hold” rating to a “sell” rating in a research report on Wednesday, June 12th. Zacks Investment Research raised Focus Financial Partners from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Monday, June 24th. Cowen reaffirmed a “buy” rating and set a $6.50 price target on shares of Daseke in a research report on Monday, May 6th. BidaskClub downgraded Waterstone Financial from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Finally, Northland Securities initiated coverage on Daseke in a report on Tuesday, May 21st. They issued a “buy” rating and a $8.50 price objective for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $7.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its holdings in Daseke by 447.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,537 shares of the company’s stock valued at $43,000 after purchasing an additional 6,979 shares during the last quarter. Citigroup Inc. lifted its holdings in Daseke by 17.6% during the 4th quarter. Citigroup Inc. now owns 15,753 shares of the company’s stock valued at $58,000 after purchasing an additional 2,362 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Daseke by 278.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,489 shares of the company’s stock valued at $74,000 after purchasing an additional 10,661 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Daseke during the 1st quarter valued at $75,000. Finally, Virtu Financial LLC acquired a new stake in Daseke during the 1st quarter valued at $90,000. 33.13% of the stock is owned by institutional investors.

NASDAQ:DSKE traded up $0.13 during trading hours on Monday, reaching $3.68. 109,394 shares of the stock were exchanged, compared to its average volume of 290,177. Daseke has a twelve month low of $3.13 and a twelve month high of $9.82. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.69. The company’s 50 day simple moving average is $3.81. The stock has a market capitalization of $229.26 million, a PE ratio of 5.73 and a beta of 1.11.

Daseke Company Profile

Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in North America. It operates through two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, heavy machinery, commercial glass, high security cargo, arms, ammunition and explosives, lumber, and building and construction materials.

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Earnings History and Estimates for Daseke (NASDAQ:DSKE)

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