Brokerages forecast that BEST Inc (NYSE:BSTI) will report ($0.02) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for BEST’s earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.03). The company is expected to issue its next quarterly earnings report on Friday, November 9th.
According to Zacks, analysts expect that BEST will report full-year earnings of ($0.13) per share for the current year, with EPS estimates ranging from ($0.23) to ($0.07). For the next year, analysts anticipate that the business will report earnings of $0.26 per share, with EPS estimates ranging from $0.08 to $0.40. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for BEST.
BEST (NYSE:BSTI) last posted its earnings results on Wednesday, August 8th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.12 billion.
Several equities analysts have commented on BSTI shares. Zacks Investment Research upgraded BEST from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. KeyCorp dropped their target price on BEST from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 9th. Macquarie upgraded BEST from a “neutral” rating to an “outperform” rating and set a $8.00 target price for the company in a research report on Wednesday, September 12th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. dropped their target price on BEST from $14.80 to $12.00 and set an “overweight” rating for the company in a research report on Friday, August 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $11.40.
BEST stock opened at $5.19 on Friday. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of -4.09 and a beta of -1.80. BEST has a 12 month low of $4.67 and a 12 month high of $13.54.
Several hedge funds have recently modified their holdings of the company. SG Americas Securities LLC increased its stake in shares of BEST by 64.8% in the second quarter. SG Americas Securities LLC now owns 20,758 shares of the company’s stock valued at $254,000 after buying an additional 8,161 shares during the period. AJ Wealth Strategies LLC increased its stake in shares of BEST by 22.3% in the second quarter. AJ Wealth Strategies LLC now owns 53,268 shares of the company’s stock valued at $651,000 after buying an additional 9,710 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of BEST in the first quarter valued at about $110,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of BEST in the first quarter valued at about $115,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of BEST in the second quarter valued at about $159,000. 18.57% of the stock is owned by institutional investors.
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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