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Freight demand across industrial markets will continue growing throughout the year, keeping rates high and enabling flatbed truckload provider Daseke Inc. to continue generating more revenue and profit. “We continue to see strength in freight rates and have also flexed our asset light service offering to capture additional freight,” Daseke CFO Jason Bates told analysts on its second-quarter call Tuesday.
Daseke, Inc. (NASDAQ:DSKE ) Q2 2022 Earnings Conference Call August 2, 2022 11:00 AM ET Company Participants Traci Graham - Vice President of Finance and Investor Relations Jonathan Shepko - Chief Executive Officer Jason Bates - Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Jason Seidl - Cowen Bert Subin - Stifel Greg Gibas - Northland Capital Markets Operator Good morning, everyone, and thank you for participating in today's conference call to discuss Daseke's Financial Results for the Second Quarter ended June 30, 2022 as well as Daseke's 2022 Full Year Outlook. With us today are Jonathan Shepko, CEO and Board member; Jason Bates, Executive Vice President and CFO; and Traci Graham, Vice President of Finance and Investor Relations.
Daseke (DSKE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Daseke (DSKE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Daseke, Inc. remains durable with its robust growth and operational efficiencies. Its stellar Balance Sheet allows it to sustain its operations and cover borrowings.
Open-deck freight is generally complex, time-sensitive and focused on less cyclical parts of the economy.