Echo Global Historical Income Statement

ECHO -  USA Stock  

USD 48.12  0.05  0.10%

Historical analysis of Echo Global income statement accounts such as Cost of Revenue of 1.8 B or Earning Before Interest and Taxes EBIT of 30.2 M can show how well Echo Global Logistic performed in making a profits. Evaluating Echo Global income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Echo Global's future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Echo Global Logistic latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Echo Global Logistic is a good buy for the upcoming year.
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Echo Global Historical Statements 

 
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About Echo Global Income Statement Analysis

Echo Global Logistic Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Echo Global shareholders. The income statement also shows Echo Global investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Echo Global Income Statement Chart

Echo Global Logistic Income Statement is one of the three primary financial statements used for reporting Echo Global's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Echo Global Logistic revenue and expense. Echo Global Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Echo Global Net Income Common Stock is quite stable at the moment as compared to the past year. The company's current value of Net Income Common Stock is estimated at 15.98 Million. Operating Income is expected to rise to about 30.1 M this year, although the value of Cost of Revenue will most likely fall to about 1.8 B.

Consolidated Income

The portion of profit or loss for the period; net of income taxes; which is attributable to the consolidated entity; before the deduction of Net Income Available to Non-controlling Interests.

Earning Before Interest and Taxes EBIT

Earnings Before Interest and Tax is calculated by adding Income Tax Expense and Interest Expense back to Net Income.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Echo Global Logistic financial statement analysis. It represents the amount of money remaining after all of Echo Global Logistic operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income Available to Non-controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.

Revenues

Revenues refers to the total amount of money received by Echo Global for goods sold or services provided during a certain time period. It also includes all of Echo Global Logistic sales as well as any other increase in Echo Global Logistic equity.Revenues are reported on Echo Global Logistic income statement and calculated before any expenses are subtracted. Amount of Revenue recognized from goods sold; services rendered; insurance premiums; or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses.
Most accounts from Echo Global income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Echo Global Logistic current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Continue to Investing Opportunities.Echo Global Net Income Common Stock is quite stable at the moment as compared to the past year. The company's current value of Net Income Common Stock is estimated at 15.98 Million. Operating Income is expected to rise to about 30.1 M this year, although the value of Cost of Revenue will most likely fall to about 1.8 B.
 2018 2019 2020 2021 (projected)
Consolidated Income28.72 M14.85 M15.83 M15.98 M
Direct Expenses2.02 B1.8 B2.12 B2.29 B

Echo Global income statement Correlations

Echo Global Account Relationship Matchups

Echo Global income statement Accounts

201620172018201920202021 (projected)
Direct Expenses1.4 B1.6 B2.02 B1.8 B2.12 B2.29 B
Consolidated Income1.59 M12.62 M28.72 M14.85 M15.83 M15.98 M
Cost of Revenue1.4 B1.6 B2.02 B1.8 B2.12 B1.81 B
Earning Before Interest and Taxes EBIT15.61 M19.09 M53.56 M34.52 M29.5 M30.15 M
Earning Before Interest and Taxes USD15.61 M19.09 M53.56 M34.52 M29.5 M30.15 M
Gross Profit318.57 M339.04 M420.36 M386.03 M393.2 M357.1 M
Interest Expense14.23 M14.74 M15.55 M12.64 M5.99 M7.11 M
Net Income1.59 M12.62 M28.72 M14.85 M15.83 M15.98 M
Net Income Common Stock1.59 M12.62 M28.72 M14.85 M15.83 M15.98 M
Net Income Common Stock USD1.59 M12.62 M28.72 M14.85 M15.83 M15.98 M
Operating Expenses302.96 M319.95 M366.8 M351.52 M363.7 M326.98 M
Operating Income15.61 M19.09 M53.57 M34.52 M29.5 M30.12 M
Revenues1.72 B1.94 B2.44 B2.18 B2.51 B2.17 B
Revenues USD1.72 B1.94 B2.44 B2.18 B2.51 B2.17 B
Selling General and Administrative Expense270.83 M287.23 M330.16 M313.13 M325.21 M293.41 M
Weighted Average Shares29.23 M27.91 M28.55 M27.29 M26.61 M29.01 M
Weighted Average Shares Diluted29.3 M28.02 M27.92 M26.82 M26.35 M24.64 M
Income Tax Expense(206 K)(8.27 M)9.3 M7.03 M7.67 M6.24 M

Echo Global Investors Sentiment

The influence of Echo Global's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Echo Global. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - ECHO

Echo Global Logistic Investor Sentiment

Most of Macroaxis users are currently bullish on Echo Global Logistic. What is your opinion about investing in Echo Global Logistic? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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.

Echo Global Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Echo Global and Hub Group. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
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Continue to Investing Opportunities. Note that the Echo Global Logistic 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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When running Echo Global Logistic price analysis, check to measure Echo Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Echo Global is operating at the current time. Most of Echo Global's value examination focuses on studying past and present price action to predict the probability of Echo Global's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Echo Global's price. Additionally, you may evaluate how the addition of Echo Global to your portfolios can decrease your overall portfolio volatility.
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The market value of Echo Global Logistic is measured differently than its book value, which is the value of Echo Global that is recorded on the company's balance sheet. Investors also form their own opinion of Echo Global's value that differs from its market value or its book value, called intrinsic value, which is Echo Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Echo Global's market value can be influenced by many factors that don't directly affect Echo Global Logistic underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Echo Global's value and its price as these two are different measures arrived at by different means. Investors typically determine Echo Global value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Echo Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.