Echo Global Logistics, Inc. (NASDAQ:ECHO) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ECHO to report 3Q20 income of $ 0.29 per share.
For the full year, analysts anticipate top line of $ 2257.89 million, while looking forward to income of $ 0.95 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 565.00 million ~ $ 615.00 million
Full Year 2020 topline are forecasted in a range of$ 2,250.00 million ~ $ 2,450.00 million
Click Here For More Historical Outlooks Of Echo Global Logistics, Inc.
Previous Quarter Performance
Echo Global Logistics, Inc. announced income for the second quarter of $ 0.19 per share, from the revenue of $ 514.72 million. The quarterly earnings shrunk 54.76 percent while revenues dropped 10.11 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.11 per share from $ 470.16 million in revenue. The bottom line results beat street analysts by $ 0.08 or 72.73 percent, at the same time, top line results outshined analysts by $ 44.56 million or 9.48 percent.
Stock Performance
Shares of Echo Global Logistics, Inc. traded low $ -0.41 or -1.49 percent on Tuesday, reaching $ 27.06 with volume of 105.50 thousand shares. Echo Global Logistics, Inc. has traded high as $ 28.02 and has cracked $ 26.94 on the downward trend
According to the previous trading day, closing price of $ 27.06, representing a 93.86 % increase from the 52 week low of $ 14.17 and a 5.15 % decrease over the 52 week high of $ 28.96.
The company has a market capital of $ 720.06 million and is part of the Industrials sector and Integrated Shipping & Logistics industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 24.00 target price.
Conference Call
Echo Global Logistics, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.echo.com
Echo Global Logistics, Inc. provides technology-enabled transportation and supply chain management solutions in the United States. It utilizes a proprietary technology platform to compile and analyze data from its multi-modal network of transportation providers for the transportation and logistics needs.
