Echo Global Logistics, Inc. (NASDAQ:ECHO) is reporting second quarter earnings results on Wednesday 22nd July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.11 per share.
For the full year, analysts predict revenues of $ 2073.51 million, while looking forward to income of $ 0.76 per share.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 450.00 million ~ $ 500.00 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. reported income for the first quarter of $ 0.19 per share, from the revenue of $ 551.05 million. The quarterly earnings decreased 50.00 percent while revenues improved 0.10 percent compared with the same quarter last year.
According to street consensus, ECHO was expected to report 1Q20 income of $ 0.20 per share from revenue of $ 550.88 million. The bottom line results missed street analysts by $ 0.01 or 5 percent, at the same time, top line results outshined analysts by $ 0.17 million or 0.03 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ECHO was $ 24.23, representing a 71.00 % increase from the 52 week low of $ 14.17 and a 1.18 % decrease over the 52 week high of $ 24.52.
The company has a market capital of $ 644.87 million and is part of the Industrials sector and Integrated Shipping & Logistics industry.
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Recent Analyst recommendations
On 5th June 2020, maintained by UBS Group at Neutral rating, with $ 22.00 target price.
Conference Call
Echo Global Logistics, Inc. will be hosting a conference call at 5:00 PM eastern time on 22nd July 2020, to discuss its 2Q20 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.
