In the latest trading session, Daseke closed at $10.33, marking a +1.27% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.34%.
Coming into today, shares of the company had gained 16.97% in the past month. In that same time, the Transportation sector gained 1.1%, while the S&P 500 lost 0.12%.
Wall Street will be looking for positivity from DSKE as it approaches its next earnings report date. This is expected to be October 22, 2021. In that report, analysts expect DSKE to post earnings of $0.32 per share. This would mark year-over-year growth of 3.23%. Meanwhile, our latest consensus estimate is calling for revenue of $420.05 million, up 11.77% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.80 per share and revenue of $1.55 billion. These totals would mark changes of +3900% and +6.47%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for DSKE. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. DSKE is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, DSKE is holding a Forward P/E ratio of 12.83. Its industry sports an average Forward P/E of 17.33, so we one might conclude that DSKE is trading at a discount comparatively.
The Transportation - Services industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Daseke (DSKE) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Daseke closed at $10.33, marking a +1.27% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.34%.
Coming into today, shares of the company had gained 16.97% in the past month. In that same time, the Transportation sector gained 1.1%, while the S&P 500 lost 0.12%.
Wall Street will be looking for positivity from DSKE as it approaches its next earnings report date. This is expected to be October 22, 2021. In that report, analysts expect DSKE to post earnings of $0.32 per share. This would mark year-over-year growth of 3.23%. Meanwhile, our latest consensus estimate is calling for revenue of $420.05 million, up 11.77% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.80 per share and revenue of $1.55 billion. These totals would mark changes of +3900% and +6.47%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for DSKE. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. DSKE is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, DSKE is holding a Forward P/E ratio of 12.83. Its industry sports an average Forward P/E of 17.33, so we one might conclude that DSKE is trading at a discount comparatively.
The Transportation - Services industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.