Zacks: Brokerages Expect Daseke, Inc. (NASDAQ:DSKE) Will Announce Earnings of $0.12 Per Share

Analysts forecast that Daseke, Inc. (NASDAQ:DSKEGet Rating) will report $0.12 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Daseke’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.13. Daseke posted earnings of $0.04 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 200%. The business is scheduled to issue its next quarterly earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Daseke will report full year earnings of $1.05 per share for the current year, with EPS estimates ranging from $0.87 to $1.23. For the next fiscal year, analysts forecast that the firm will post earnings of $1.04 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Daseke.

Daseke (NASDAQ:DSKEGet Rating) last issued its earnings results on Tuesday, January 25th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $394.30 million for the quarter, compared to the consensus estimate of $385.65 million. Daseke had a return on equity of 70.76% and a net margin of 3.60%. During the same quarter in the prior year, the company earned $0.12 EPS.

Several institutional investors and hedge funds have recently modified their holdings of the company. Qube Research & Technologies Ltd acquired a new position in Daseke in the fourth quarter worth approximately $582,000. Janney Montgomery Scott LLC grew its holdings in Daseke by 33.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 14,946 shares of the company’s stock valued at $150,000 after purchasing an additional 3,710 shares during the last quarter. Two Sigma Advisers LP grew its holdings in Daseke by 5.9% during the third quarter. Two Sigma Advisers LP now owns 526,400 shares of the company’s stock valued at $4,848,000 after purchasing an additional 29,300 shares during the last quarter. ClariVest Asset Management LLC grew its holdings in Daseke by 14,523.7% during the third quarter. ClariVest Asset Management LLC now owns 95,200 shares of the company’s stock valued at $877,000 after purchasing an additional 94,549 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Daseke by 21.6% during the third quarter. Dimensional Fund Advisors LP now owns 400,562 shares of the company’s stock valued at $3,689,000 after purchasing an additional 71,189 shares during the last quarter. Institutional investors own 37.04% of the company’s stock.

Shares of DSKE opened at $7.90 on Wednesday. The company has a market capitalization of $494.27 million, a price-to-earnings ratio of 10.53 and a beta of 1.86. Daseke has a fifty-two week low of $5.61 and a fifty-two week high of $13.17. The company has a debt-to-equity ratio of 4.79, a current ratio of 1.65 and a quick ratio of 1.65. The business’s 50-day moving average is $10.22 and its 200-day moving average is $10.09.

About Daseke (Get Rating)

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

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