Echo Global Logistics: Q2 Earnings Insights

Shares of Echo Global Logistics ECHO were flat in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 54.76% year over year to $0.19, which beat the estimate of $0.11.

Revenue of $514,719,000 decreased by 7.05% from the same period last year, which beat the estimate of $470,160,000.

Guidance

Echo Global Logistics hasn't issued any earnings guidance for the time being.

Q3 revenue expected between $565,000,000 and $615,000,000.

How To Listen To The Conference Call

Date: Jul 22, 2020

Time: 05:00 PM

ET Webcast URL: https://ir.echo.com/

Price Action

Company's 52-week high was at $24.52

52-week low: $14.17

Price action over last quarter: Up 69.67%

Company Overview

Founded in 2005, Echo Global Logistics is an asset-light third-party logistics provider specializing in domestic truckload and less-than-truckload brokerage. It also offers intermodal and international air and ocean freight forwarding services, though to a lesser degree. Key strategic initiatives include gaining organic market share in the highly fragmented brokerage industry and supplementing its sales capabilities through tuck-in acquisitions. Echo completed its initial public offering in October 2009.