According to Zacks, “BEST Inc. offers logistics and supply chain management solutions. The Company’s service offerings include BEST supply chain management, BEST express, BEST freight, BEST store , BEST global, BEST cargo and BEST Ucargo serves which provide express and freight delivery, inventory management, warehousing, financing, cross-border supply chain, merchandise sourcing, and value-added services. It operates primarily in United States, Germany, Australia, Japan and Canada. BEST Inc. is based in Hangzhou, China. “
A number of other equities analysts also recently weighed in on the stock. Sanford C. Bernstein downgraded shares of BEST from a market perform rating to an underperform rating in a research note on Tuesday, August 20th. ValuEngine raised shares of BEST from a hold rating to a buy rating in a research note on Friday, November 1st.
BEST (NYSE:BEST) last announced its earnings results on Wednesday, November 13th. The company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. BEST had a negative net margin of 0.86% and a negative return on equity of 4.83%. The business had revenue of $8.75 billion during the quarter, compared to the consensus estimate of $9.14 billion. The company’s quarterly revenue was up 21.6% compared to the same quarter last year. Analysts forecast that BEST will post -0.06 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. TimesSquare Capital Management LLC bought a new stake in shares of BEST during the third quarter valued at approximately $28,841,000. SG Americas Securities LLC bought a new stake in shares of BEST during the third quarter valued at approximately $5,245,000. DNB Asset Management AS bought a new stake in shares of BEST during the third quarter valued at approximately $2,934,000. Creative Planning bought a new stake in shares of BEST during the third quarter valued at approximately $2,640,000. Finally, California Public Employees Retirement System bought a new stake in shares of BEST during the third quarter valued at approximately $2,101,000. 19.88% of the stock is owned by institutional investors and hedge funds.
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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