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.
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.
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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