Equities research analysts expect that BEST Inc (NYSE:BSTI) will report $972.69 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for BEST’s earnings, with the highest sales estimate coming in at $974.20 million and the lowest estimate coming in at $970.00 million. The business is expected to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that BEST will report full-year sales of $972.69 million for the current fiscal year, with estimates ranging from $2.95 billion to $3.03 billion. For the next year, analysts anticipate that the firm will post sales of $4.74 billion per share, with estimates ranging from $4.72 billion to $4.77 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for BEST.
BSTI has been the topic of a number of research reports. Goldman Sachs Group initiated coverage on BEST in a report on Sunday, October 15th. They set a “buy” rating and a $16.60 price target on the stock. KeyCorp initiated coverage on BEST in a report on Monday, October 16th. They set an “overweight” rating and a $16.00 price target on the stock. Credit Suisse Group initiated coverage on BEST in a report on Monday, October 16th. They set an “outperform” rating on the stock. Stifel Nicolaus began coverage on BEST in a report on Monday, October 16th. They set a “buy” rating and a $16.00 price target on the stock. Finally, Deutsche Bank began coverage on BEST in a report on Monday, October 16th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. BEST currently has a consensus rating of “Buy” and a consensus price target of $14.92.
A hedge fund recently bought a new stake in BEST stock. Janney Montgomery Scott LLC acquired a new stake in BEST Inc (NYSE:BSTI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,600 shares of the company’s stock, valued at approximately $127,000. Hedge funds and other institutional investors own 13.31% of the company’s stock.
BEST Inc is engaged in providing supply chain solutions. The Company offers a cloud based platform, BEST Cloud which is integration of online and offline retail to offer delivery. It provides technology-enabled solutions to its users. The Company’s service offerings include BEST supply chain management, BEST express, BEST freight, BEST store+, BEST global, BEST cargo and BEST Ucargo.
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