In the latest trading session, Daseke closed at $9.60, marking a -1.13% move from the previous day. This change lagged the S&P 500's daily loss of 0.1%. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Prior to today's trading, shares of the company had lost 1.62% over the past month. This has lagged the Transportation sector's gain of 3.04% and the S&P 500's gain of 4.4% in that time.
Investors will be hoping for strength from Daseke as it approaches its next earnings release. In that report, analysts expect Daseke to post earnings of $0.07 per share. This would mark a year-over-year decline of 41.67%. Meanwhile, our latest consensus estimate is calling for revenue of $385.65 million, up 14.91% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.72 per share and revenue of $1.55 billion. These totals would mark changes of +3500% and +6.47%, respectively, from last year.
Any recent changes to analyst estimates for Daseke should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Daseke is currently a Zacks Rank #3 (Hold).
Investors should also note Daseke's current valuation metrics, including its Forward P/E ratio of 13.49. For comparison, its industry has an average Forward P/E of 17.1, which means Daseke is trading at a discount to the group.
The Transportation - Services industry is part of the Transportation sector. This group has a Zacks Industry Rank of 84, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Daseke closed at $9.60, marking a -1.13% move from the previous day. This change lagged the S&P 500's daily loss of 0.1%. Meanwhile, the Dow gained 0.26%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Prior to today's trading, shares of the company had lost 1.62% over the past month. This has lagged the Transportation sector's gain of 3.04% and the S&P 500's gain of 4.4% in that time.
Investors will be hoping for strength from Daseke as it approaches its next earnings release. In that report, analysts expect Daseke to post earnings of $0.07 per share. This would mark a year-over-year decline of 41.67%. Meanwhile, our latest consensus estimate is calling for revenue of $385.65 million, up 14.91% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.72 per share and revenue of $1.55 billion. These totals would mark changes of +3500% and +6.47%, respectively, from last year.
Any recent changes to analyst estimates for Daseke should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Daseke is currently a Zacks Rank #3 (Hold).
Investors should also note Daseke's current valuation metrics, including its Forward P/E ratio of 13.49. For comparison, its industry has an average Forward P/E of 17.1, which means Daseke is trading at a discount to the group.
The Transportation - Services industry is part of the Transportation sector. This group has a Zacks Industry Rank of 84, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.