Echo Global Logistics Stock Revenue
Echo Global Logistics fundamentals help investors to digest information that contributes to Echo Global's financial success or failures. It also enables traders to predict the movement of Echo Stock. The fundamental analysis module provides a way to measure Echo Global's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Echo Global stock.
Echo |
Echo Global Logistics Company Revenue Analysis
Echo Global's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Current Echo Global Revenue | 3.18 B |
Most of Echo Global's fundamental indicators, such as Revenue, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Echo Global Logistics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
CompetitionBased on the latest financial disclosure, Echo Global Logistics reported 3.18 B of revenue. This is 9.11% lower than that of the Industrials sector and significantly higher than that of the Integrated Freight & Logistics industry. The revenue for all United States stocks is 66.3% higher than that of the company.
Echo Revenue Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Echo Global's direct or indirect competition against its Revenue to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Echo Global could also be used in its relative valuation, which is a method of valuing Echo Global by comparing valuation metrics of similar companies.Echo Global is currently under evaluation in revenue category among related companies.
Echo Fundamentals
| Return On Equity | 11.46 | |||
| Return On Asset | 4.27 | |||
| Profit Margin | 1.46 % | |||
| Operating Margin | 2.06 % | |||
| Current Valuation | 943.28 M | |||
| Shares Outstanding | 26.64 M | |||
| Shares Owned By Insiders | 2.28 % | |||
| Shares Owned By Institutions | 94.26 % | |||
| Number Of Shares Shorted | 817 K | |||
| Price To Earning | 44.40 X | |||
| Price To Book | 3.07 X | |||
| Price To Sales | 0.40 X | |||
| Revenue | 3.18 B | |||
| Gross Profit | 393.2 M | |||
| EBITDA | 82.8 M | |||
| Net Income | 46.38 M | |||
| Cash And Equivalents | 63.93 M | |||
| Cash Per Share | 2.40 X | |||
| Total Debt | 150.01 M | |||
| Debt To Equity | 0.35 % | |||
| Current Ratio | 1.28 X | |||
| Book Value Per Share | 15.73 X | |||
| Cash Flow From Operations | 82.35 M | |||
| Short Ratio | 4.29 X | |||
| Earnings Per Share | 1.09 X | |||
| Price To Earnings To Growth | 0.55 X | |||
| Number Of Employees | 2.74 K | |||
| Beta | 1.14 | |||
| Market Capitalization | 1.28 B | |||
| Total Asset | 746.51 M | |||
| Retained Earnings | 108.86 M | |||
| Working Capital | 123.43 M | |||
| Current Asset | 260.82 M | |||
| Current Liabilities | 137.39 M | |||
| Z Score | 8.8 |
Pair Trading with Echo Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Echo Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Echo Global will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Qualcomm Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Qualcomm Incorporated when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Qualcomm Incorporated - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Qualcomm Incorporated to buy it.
The correlation of Qualcomm Incorporated is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Qualcomm Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Qualcomm Incorporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Qualcomm Incorporated can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Echo Global Logistics information on this page should be used as a complementary analysis to other Echo Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Other Consideration for investing in Echo Stock
If you are still planning to invest in Echo Global Logistics check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Echo Global's history and understand the potential risks before investing.
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