Wall Street analysts expect that BEST Inc (NYSE:BSTI) will post $1.05 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for BEST’s earnings. The highest sales estimate is $1.07 billion and the lowest is $1.03 billion. The company is expected to issue its next earnings results on Monday, January 1st.
On average, analysts expect that BEST will report full year sales of $4.02 billion for the current financial year, with estimates ranging from $3.92 billion to $4.14 billion. For the next year, analysts anticipate that the business will report sales of $5.32 billion per share, with estimates ranging from $5.05 billion to $5.70 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover BEST.
BEST (NYSE:BSTI) last posted its quarterly earnings data on Wednesday, August 8th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.01. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.12 billion.
BSTI has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of BEST from a “hold” rating to a “sell” rating in a research note on Monday, August 20th. KeyCorp reduced their price objective on shares of BEST from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, July 19th. JPMorgan Chase & Co. boosted their price objective on shares of BEST from $13.50 to $14.80 and gave the stock an “overweight” rating in a research note on Wednesday, June 13th. Macquarie lowered shares of BEST from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 13th. Finally, Citigroup upgraded shares of BEST from a “neutral” rating to a “buy” rating in a research note on Friday, May 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. BEST currently has an average rating of “Buy” and an average price target of $12.80.
NYSE BSTI opened at $6.73 on Friday. The company has a market cap of $2.34 billion and a P/E ratio of -5.24. BEST has a 52 week low of $6.22 and a 52 week high of $13.54.
A number of institutional investors have recently modified their holdings of the business. Profund Advisors LLC purchased a new stake in shares of BEST in the 1st quarter valued at $103,000. Cubist Systematic Strategies LLC purchased a new stake in shares of BEST in the 1st quarter valued at $110,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of BEST in the 1st quarter valued at $115,000. NumerixS Investment Technologies Inc purchased a new stake in shares of BEST in the 2nd quarter valued at $159,000. Finally, Guggenheim Capital LLC purchased a new stake in shares of BEST in the 1st quarter valued at $207,000. Institutional investors and hedge funds own 18.54% of the company’s stock.
BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.
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