$210.76 Million in Sales Expected for Daseke Inc (DSKE) This Quarter

Equities research analysts expect Daseke Inc (NASDAQ:DSKE) to announce sales of $210.76 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Daseke’s earnings. The lowest sales estimate is $207.80 million and the highest is $213.72 million. The business is scheduled to report its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Daseke will report full year sales of $210.76 million for the current financial year, with estimates ranging from $796.90 million to $802.79 million. For the next fiscal year, analysts forecast that the firm will report sales of $1.28 billion per share, with estimates ranging from $1.27 billion to $1.30 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Daseke.

Daseke (NASDAQ:DSKE) last released its quarterly earnings data on Thursday, November 9th. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.09). The business had revenue of $231.32 million during the quarter, compared to analyst estimates of $214.48 million. The firm’s revenue for the quarter was up 32.8% on a year-over-year basis.

A number of equities analysts have weighed in on DSKE shares. BidaskClub lowered Daseke from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Northland Securities reiterated a “buy” rating and set a $17.50 price objective on shares of Daseke in a research note on Monday, December 11th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $15.00 price objective on shares of Daseke in a research note on Sunday, October 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $14.88.

A hedge fund recently raised its stake in Daseke stock. Schwab Charles Investment Management Inc. lifted its holdings in Daseke Inc (NASDAQ:DSKE) by 93.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,320 shares of the company’s stock after purchasing an additional 66,176 shares during the period. Schwab Charles Investment Management Inc. owned about 0.31% of Daseke worth $1,963,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 34.22% of the company’s stock.

Daseke (NASDAQ:DSKE) opened at $13.99 on Monday. Daseke has a 52 week low of $8.76 and a 52 week high of $14.52. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.89 and a current ratio of 2.88.

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About Daseke

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.

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