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Why Daseke Shares Are Trading Higher Today

Published 06/02/2023, 20:40
Updated 06/02/2023, 22:10
© Reuters. Why Daseke Shares Are Trading Higher Today

Benzinga - Daseke (NASDAQ: DSKE) shares are trading higher after the company reported better-than-expected Q4 results.

Daseke reported quarterly adjusted earnings of $0.25 per share, which beat the analyst consensus estimate of $0.06. The company reported quarterly sales of $408.20 million, also beating the analyst consensus estimate of $397.07 million.

Jonathan Shepko, Chief Executive Officer, commented, "In fact, 2022 marked our third consecutive year of record Adjusted EBITDA, highlighting our consistent performance across the last twelve quarters. We will now shift our capital allocation priorities in favor of enhancing our balance sheet strength via gross leverage reduction, and select tuck-in M&A.”

Daseke, Inc is the North American transportation solutions specialist dedicated to servicing challenging industrial end markets.

DSKE Price Action: Daseke has a 52-week high of $13.1661 and a 52-week low of $4.69.

Daseke shares were up 11% at $8.35 at time of publication, according to Benzinga Pro.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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