Echo Global Logistics (ECHO) Tops Q2 EPS by 25c, Offers Guidance

Echo Global Logistics (NASDAQ: ECHO) reported Q2 EPS of $0.84, $0.25 better than the analyst estimate of $0.59. Revenue for the quarter came in at $934.5 million versus the consensus estimate of $861.76 million.

GUIDANCE:

Echo Global Logistics sees Q3 2021 revenue of $910-940 million, versus the consensus of $830.2 million.

Echo Global Logistics sees FY2021 revenue of $3.45-3.55 billion, versus the consensus of $3.3 billion.

• Pete Rogers, Chief Financial Officer at Echo, concluded, "We remain very encouraged by our record results thus far this year, as they demonstrate the value we are creating for both our shippers and carrier partners. In turn, this is driving our ability to continue winning new business and capture market share. Given the strong start to the first half of the year and solid market fundamentals, we are expecting revenue for the third quarter to be between $910M and $940M, representing 34% year over year growth at the midpoint. In addition, we are raising our full year revenue guidance to be between $3.45B – $3.55B, representing 39% year over year growth and an 8% increase from our most recent guidance."

For earnings history and earnings-related data on Echo Global Logistics (ECHO) click here.

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