Full access to Entrepreneur for $5
Subscribe

Why Daseke (DSKE) Stock Might be a Great Pick

Daseke (DSKE) has seen solid earnings estimate revision activity over the past months, and belongs to a strong industry as well.

By
This story originally appeared on Zacks

One stock that might be an intriguing choice for investors right now is Daseke, Inc. DSKE. This is because this security in the Transportation - Services space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

- Zacks

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Transportation - Services space as it currently has a Zacks Industry Rank of 77 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Daseke is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past months, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

In fact, over the past 60 days, current quarter estimates have moved from 13 cents per share to 30 cents per share, while current year estimates have moved from 17 cents per share to 76 cents per share. This has helped Daseke to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider Daseke. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.



Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. 

See Zacks’ Hottest Tech IPOs Now >>



Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

Daseke, Inc. (DSKE): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

 

Zacks Investment Research