Wall Street analysts expect that BEST Inc. (NYSE:BEST) will report $1.28 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for BEST’s earnings, with the lowest sales estimate coming in at $1.25 billion and the highest estimate coming in at $1.31 billion. BEST reported sales of $1.02 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 25.5%. The business is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, August 13th.
On average, analysts expect that BEST will report full year sales of $5.37 billion for the current fiscal year, with estimates ranging from $5.33 billion to $5.41 billion. For the next financial year, analysts forecast that the company will post sales of $6.70 billion, with estimates ranging from $6.54 billion to $6.87 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for BEST.
BEST (NYSE:BEST) last announced its earnings results on Tuesday, May 14th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.43). The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.49 billion. BEST had a negative return on equity of 10.65% and a negative net margin of 1.35%. The firm’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period last year, the firm earned ($0.84) earnings per share.
BEST has been the topic of a number of recent analyst reports. KeyCorp cut their target price on BEST from $8.00 to $7.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 15th. Zacks Investment Research lowered BEST from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, Sanford C. Bernstein lowered BEST from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $11.00 to $6.00 in a research report on Tuesday, April 23rd.
Shares of BEST stock opened at $4.50 on Wednesday. The stock’s fifty day moving average is $5.09. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -21.43, a PEG ratio of 3.78 and a beta of 1.20. BEST has a 12-month low of $3.77 and a 12-month high of $8.80.
BEST Company Profile
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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