Equities research analysts expect that BEST Inc. (NYSE:BEST) will announce earnings of $0.04 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for BEST’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.03. BEST reported earnings per share of $0.01 in the same quarter last year, which suggests a positive year-over-year growth rate of 300%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, March 3rd.
On average, analysts expect that BEST will report full year earnings of ($0.03) per share for the current year, with EPS estimates ranging from ($0.06) to $0.01. For the next year, analysts expect that the business will report earnings of $0.17 per share, with EPS estimates ranging from $0.09 to $0.25. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for BEST.
BEST (NYSE:BEST) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The business had revenue of $8.75 billion during the quarter, compared to analysts’ expectations of $9.14 billion. BEST had a negative net margin of 0.86% and a negative return on equity of 4.83%. The company’s quarterly revenue was up 21.6% on a year-over-year basis.
Several brokerages have issued reports on BEST. Jefferies Financial Group started coverage on BEST in a report on Thursday. They issued a “buy” rating and a $7.40 price target for the company. ValuEngine cut BEST from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Zacks Investment Research upgraded BEST from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Sanford C. Bernstein cut BEST from a “market perform” rating to an “underperform” rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.29.
Several large investors have recently modified their holdings of the stock. TimesSquare Capital Management LLC bought a new position in BEST during the 3rd quarter worth about $28,841,000. Millennium Management LLC acquired a new position in shares of BEST during the third quarter worth about $5,842,000. SG Americas Securities LLC acquired a new position in shares of BEST during the third quarter worth about $5,245,000. DNB Asset Management AS acquired a new position in shares of BEST during the third quarter worth about $2,934,000. Finally, Creative Planning bought a new position in shares of BEST during the third quarter worth about $2,640,000. Institutional investors and hedge funds own 20.61% of the company’s stock.
BEST stock opened at $5.88 on Wednesday. BEST has a 1-year low of $3.77 and a 1-year high of $6.86. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.36. The firm has a market cap of $2.22 billion, a PE ratio of -28.00 and a beta of 1.34. The business’s 50-day moving average price is $5.61 and its two-hundred day moving average price is $5.08.
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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