Daseke: Q3 Earnings Insights

Shares of Daseke DSKE remained unaffected after the company reported Q3 results.

Quarterly Results

Earnings per share rose 179.49% year over year to $0.31, which beat the estimate of ($0.03).

Revenue of $375,800,000 declined by 16.56% from the same period last year, which beat the estimate of $356,970,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Oct 30, 2020

Time: 11:00 AM

ET Webcast URL: https://investor.daseke.com/events-and-presentations/events-details/2020/Daseke-Inc-Third-Quarter-2020-Earnings-Conference-Call-/default.aspx

Technicals

Company's 52-week high was at $7.31

52-week low: $0.86

Price action over last quarter: down 6.82%

Company Description

Daseke Inc provides transportation and logistics solutions focused exclusively on a flatbed and specialized freight in North America. It has two reportable 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, and the Specialized Solutions segment focuses on delivering transportation and logistics solutions that principally include super heavy haul, high-value customized, over-dimensional, commercial glass, and high-security cargo solutions. Daseke derives most of its revenues from its Specialized Solutions segment.