Analysts Anticipate Daseke, Inc. (NASDAQ:DSKE) to Post $0.12 Earnings Per Share

Brokerages expect that Daseke, Inc. (NASDAQ:DSKEGet Rating) will report earnings per share (EPS) of $0.12 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made 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 reported earnings per share of $0.04 in the same quarter last year, which would suggest a positive year-over-year growth rate of 200%. The business is expected to report its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Daseke will report full year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $1.23. For the next year, analysts anticipate that the business will post earnings of $1.04 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Daseke.

Daseke (NASDAQ:DSKEGet Rating) last released its quarterly earnings data on Tuesday, January 25th. The company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 last year, the business posted $0.12 EPS.

Shares of NASDAQ:DSKE opened at $8.40 on Wednesday. The business has a fifty day simple moving average of $10.04 and a 200 day simple moving average of $10.06. Daseke has a 12-month low of $5.61 and a 12-month high of $13.17. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 4.79. The firm has a market cap of $525.59 million, a P/E ratio of 11.20 and a beta of 1.86.

Institutional investors have recently modified their holdings of the stock. Qube Research & Technologies Ltd purchased a new position in shares of Daseke in the 4th quarter worth approximately $582,000. Janney Montgomery Scott LLC raised its position 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 in the last quarter. Two Sigma Advisers LP raised its position 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 in the last quarter. ClariVest Asset Management LLC grew its stake in shares of 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 buying an additional 94,549 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of 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 buying an additional 71,189 shares during the last quarter. 37.04% of the stock is owned by institutional investors and hedge funds.

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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