On August 3 2023, DASEKE ($NASDAQ:DSKE) reported earnings results for the second quarter of its fiscal year 2023, ending June 30 2023. Total revenue for the quarter was USD 407.3 million, a 15.4% decrease compared to the same period in the prior year. Net income was USD 5.7 million, representing a 67.8% decrease year over year.
GoodWhale recently conducted an analysis of DASEKE‘s fundamentals, which showed the company has a high health score of 8/10 according to the Star Chart. This shows that DASEKE is able to ride out any crisis safely without the risk of bankruptcy, due to its strong cashflows and debt structure. DASEKE is classified as ‘sloth’, meaning it achieved revenue or earnings growth slower than the overall economy. This could make it interesting to value investors, as they are more likely to be attracted to companies with stable cashflows and reasonable dividend yields. Furthermore, investors interested in turnarounds may also be interested in DASEKE, as its low growth and profitability may indicate potential for improvement. On the other hand, investors looking for high yield or asset growth may not find DASEKE attractive, as its dividend yields and asset accumulation rates are lower than average. More…
Risk Rating Analysis
Star Chart Analysis
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Daseke. DASEKE_Reports_15.4_Decrease_in_Revenue_for_Q2_2023″>More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Daseke. DASEKE_Reports_15.4_Decrease_in_Revenue_for_Q2_2023″>More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Daseke. DASEKE_Reports_15.4_Decrease_in_Revenue_for_Q2_2023″>More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Daseke are shown below. DASEKE_Reports_15.4_Decrease_in_Revenue_for_Q2_2023″>More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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Daseke Inc. is one of the leading transportation and logistics systems companies in the world. Its main competitors are Transportation and Logistics Systems Inc, Kanda Holdings Co Ltd, and Coastal Roadways Ltd.
– Transportation And Logistics Systems Inc ($OTCPK:TLSS)
Transportation and Logistics Systems is a transportation company that provides logistical solutions and transportation services to businesses. The company operates in three segments: Transportation, Logistics, and Consulting. The Transportation segment offers transportation services, including truckload, less-than-truckload, intermodal, and logistics. The Logistics segment provides logistics services, including warehousing, distribution, and transportation management. The Consulting segment offers consulting services, including supply chain management, transportation planning and optimization, and operations consulting.
– Kanda Holdings Co Ltd ($TSE:9059)
Kanda Holdings Co Ltd has a market cap of 11.82B as of 2022, a Return on Equity of 8.89%. The company is engaged in the business of providing services to the telecommunications industry. It offers a range of services, including network planning, design, and optimization; project management; and consulting services. The company has a strong presence in the Asia-Pacific region and has been expanding its operations in recent years.
– Coastal Roadways Ltd ($BSE:520131)
Coastal Roadways Ltd is a leading provider of transportation services in the United States. The company has a market cap of 100.35M as of 2022 and a return on equity of 7.61%. Coastal Roadways Ltd provides transportation services to a variety of customers, including businesses, government agencies, and individuals. The company’s services include transportation of passengers and freight, warehousing and distribution, and logistics management.
DASEKE reported a 15.4% decrease in total revenue and 67.8% decrease in net income for the second quarter of fiscal year 2023 ending June 30. The stock price dropped the same day, signaling investors’ concern over the company’s performance. Analysts believe that DASEKE will need to focus on increasing revenue and reducing expenses in the coming quarters to improve performance and regain investor confidence. It is also recommended that investors closely monitor their investments to ensure that they remain aligned with their risk tolerance.