-$0.01 EPS Expected for BEST Inc. (NYSE:BEST) This Quarter

Brokerages expect BEST Inc. (NYSE:BEST) to announce earnings of ($0.01) per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for BEST’s earnings. BEST reported earnings of $0.01 per share in the same quarter last year, which would suggest a negative year over year growth rate of 200%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 11th.

According to Zacks, analysts expect that BEST will report full-year earnings of ($0.27) per share for the current fiscal year, with EPS estimates ranging from ($0.33) to ($0.23). For the next fiscal year, analysts forecast that the company will report earnings of $0.01 per share, with EPS estimates ranging from ($0.12) to $0.07. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow BEST.

BEST (NYSE:BEST) last announced its earnings results on Monday, August 17th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.18. BEST had a negative net margin of 2.14% and a negative return on equity of 20.02%. The firm had revenue of $8.42 billion for the quarter, compared to the consensus estimate of $8.95 billion. During the same period in the prior year, the firm earned $0.02 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis.

BEST has been the topic of several recent research reports. Oppenheimer reaffirmed a “buy” rating and set a $6.00 target price on shares of BEST in a research note on Wednesday, August 19th. Zacks Investment Research downgraded shares of BEST from a “hold” rating to a “sell” rating in a research note on Friday, August 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $6.05.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Andra AP fonden boosted its holdings in shares of BEST by 58.3% in the 2nd quarter. Andra AP fonden now owns 354,500 shares of the company’s stock valued at $1,517,000 after buying an additional 130,500 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of BEST by 28.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 79,226 shares of the company’s stock valued at $424,000 after buying an additional 17,526 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of BEST by 262.0% in the 2nd quarter. California Public Employees Retirement System now owns 1,592,324 shares of the company’s stock valued at $6,815,000 after buying an additional 1,152,477 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of BEST by 6,236.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 316,800 shares of the company’s stock valued at $1,356,000 after buying an additional 311,800 shares in the last quarter. Finally, Swiss National Bank acquired a new position in shares of BEST in the 2nd quarter valued at $1,031,000. Institutional investors own 23.95% of the company’s stock.

BEST remained flat at $$3.00 during trading hours on Friday. 648,369 shares of the company traded hands, compared to its average volume of 1,378,131. BEST has a 1 year low of $2.90 and a 1 year high of $6.54. The stock’s 50-day moving average price is $3.85 and its 200 day moving average price is $4.68. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -11.58 and a beta of 0.55. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.85 and a current ratio of 0.86.

About BEST

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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