$972.69 Million in Sales Expected for BEST Inc (BSTI) This Quarter

Equities analysts expect that BEST Inc (NYSE:BSTI) will report $972.69 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for BEST’s earnings, with the lowest sales estimate coming in at $970.00 million and the highest estimate coming in at $974.20 million. The company is expected to announce its next quarterly earnings report 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 financial year, analysts expect that the company will report 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 research analysts that that provide coverage for BEST.

Several research firms have weighed in on BSTI. JPMorgan Chase & Co. began coverage on shares of BEST in a report on Tuesday, October 17th. They issued an “overweight” rating on the stock. Deutsche Bank began coverage on shares of BEST in a report on Monday, October 16th. They issued a “buy” rating on the stock. Stifel Nicolaus began coverage on shares of BEST in a report on Monday, October 16th. They issued a “buy” rating and a $16.00 target price on the stock. Credit Suisse Group began coverage on shares of BEST in a report on Monday, October 16th. They issued an “outperform” rating on the stock. Finally, KeyCorp began coverage on shares of BEST in a report on Monday, October 16th. They issued an “overweight” rating and a $16.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $14.92.

An institutional investor recently bought a new position in BEST stock. Janney Montgomery Scott LLC acquired a new position in shares of BEST Inc (NYSE:BSTI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,600 shares of the company’s stock, valued at approximately $127,000. Institutional investors and hedge funds own 13.32% of the company’s stock.

Shares of BEST (BSTI) opened at $8.78 on Friday. BEST has a twelve month low of $8.65 and a twelve month high of $13.25.

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BEST Company Profile

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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