Equities analysts predict that Daseke, Inc. (NASDAQ:DSKE) will announce earnings of ($0.04) per share for the present quarter, in keeping with Zacks Funding Analysis. Two analysts have issued estimates for Daseke’s earnings, with the best EPS estimate coming in at ($0.03) and the bottom estimate coming in at ($0.05). Daseke posted earnings per share of ($0.12) in the identical quarter final yr, which signifies a optimistic yr over yr development price of 66.7%. The corporate is scheduled to announce its subsequent quarterly earnings outcomes on Tuesday, March ninth.
On common, analysts count on that Daseke will report full-year earnings of ($0.11) per share for the present fiscal yr, with EPS estimates starting from ($0.12) to ($0.10). For the following fiscal yr, analysts forecast that the corporate will publish earnings of $0.20 per share, with EPS estimates starting from $0.16 to $0.24. Zacks’ earnings per share calculations are a median primarily based on a survey of sell-side analysts that cowl Daseke.
Daseke (NASDAQ:DSKE) final launched its quarterly earnings outcomes on Friday, October 30th. The corporate reported $0.22 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.25. Daseke had a unfavourable web margin of 1.28% and a optimistic return on fairness of 33.15%. The enterprise had income of $375.80 million for the quarter, in comparison with analysts’ expectations of $354.75 million.
DSKE has been the subject of a number of analyst studies. Zacks Funding Analysis downgraded shares of Daseke from a “purchase” score to a “maintain” score in a analysis be aware on Thursday, November fifth. ValuEngine upgraded shares of Daseke from a “sturdy promote” score to a “promote” score in a analysis report on Friday, November 20th. Cowen reaffirmed a “purchase” score and issued a $8.00 goal price on shares of Daseke in a analysis report on Thursday, August sixth. Craig Hallum reissued a “purchase” score and set a $10.00 price goal (up from $9.00) on shares of Daseke in a report on Friday, October 30th. Lastly, BidaskClub raised Daseke from a “purchase” score to a “strong-buy” score in a report on Tuesday, November third. One funding analyst has rated the stock with a promote score, one has assigned a maintain score, three have assigned a purchase score and one has given a robust purchase score to the corporate’s stock. Daseke at the moment has a consensus score of “Purchase” and a consensus goal price of $7.44.
Daseke stock opened at $7.07 on Monday. Daseke has a 12 month low of $0.86 and a 12 month excessive of $7.50. The corporate has a present ratio of 1.67, a fast ratio of 1.67 and a debt-to-equity ratio of 8.72. The enterprise’s fifty day easy transferring common is $6.48 and its two-hundred day easy transferring common is $4.90. The corporate has a market capitalization of $459.71 million, a price-to-earnings ratio of -18.13 and a beta of two.22.
Hedge funds have not too long ago modified their holdings of the corporate. Keebeck Alpha LP purchased a brand new stake in Daseke throughout the third quarter worth roughly $69,000. Two Sigma Advisers LP purchased a brand new stake in Daseke throughout the second quarter valued at about $79,000. JPMorgan Chase & Co. lifted its place in shares of Daseke by 10.8% within the third quarter. JPMorgan Chase & Co. now owns 17,014 shares of the corporate’s stock valued at $90,000 after buying an extra 1,661 shares within the final quarter. SG Americas Securities LLC boosted its stake in shares of Daseke by 49.7% within the second quarter. SG Americas Securities LLC now owns 24,780 shares of the corporate’s stock worth $97,000 after buying an extra 8,229 shares throughout the interval. Lastly, AQR Capital Administration LLC bought a brand new stake in shares of Daseke throughout the third quarter worth about $109,000. 21.45% of the stock is owned by hedge funds and different institutional traders.
Daseke, Inc consolidates and offers transportation and logistics options with a give attention to flatbed and specialised freight in america, Canada, and Mexico. It operates in two segments, Flatbed Options and Specialised Options. The corporate transports plane elements, manufacturing gear, structural metal, stress vessels, wind turbine blades, industrial glass, excessive safety cargo, arms, ammunition and explosives, lumber, and constructing and building supplies, in addition to heavy equipment, reminiscent of building, mining, and agriculture.
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