Daseke: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Daseke (NASDAQ:DSKE) reported Q3 earnings with an EPS of $0.12, in line with estimates. However, revenue was down $60.50 million from the same period last year. Last quarter, the company missed on EPS by $0.04, which led to an 8.72% drop in the share price the next day.
November 09, 2023 | 11:45 am
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NEGATIVE IMPACT
Daseke's Q3 earnings met EPS estimates but saw a significant drop in revenue YoY. Given the previous quarter's share price drop following an EPS miss, this could potentially impact the stock negatively.
Daseke's Q3 earnings report shows a significant drop in revenue compared to the same period last year. This, coupled with the fact that a previous EPS miss led to a substantial drop in share price, suggests that the stock could potentially be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100