Daseke, Inc. (DSKE) Misses Q2 EPS by 7c, Lowers FY Guidance

August 5, 2019 8:34 AM EDT

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Daseke, Inc. (NASDAQ: DSKE) reported Q2 EPS of ($0.12), $0.07 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $450.6 million versus the consensus estimate of $459.3 million.

GUIDANCE:

Daseke, Inc. sees FY2019 revenue of $1.7-1.75 billion, versus the consensus of $1.84 billion.

Daseke updated its fiscal 2019 outlook to reflect the industry’s changing market conditions.

Updated OutlookPrior Outlook
Revenue$1.7 - $1.75 billion$1.8 - $1.9 billion
Adjusted EBITDA1$165 - $175 million$200 - $210 million
Net Capital ExpendituresNo change$65-$70 million
Leverage Ratio (as defined in Company’s debt agreements)3.0x – 3.3x2.9x

For earnings history and earnings-related data on Daseke, Inc. (DSKE) click here.



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