Equities research analysts expect BEST Inc. (NYSE:BEST) to report $1.29 billion in sales for the current quarter, Zacks reports. Three analysts have issued estimates for BEST’s earnings. The highest sales estimate is $1.31 billion and the lowest is $1.27 billion. BEST reported sales of $1.22 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.7%. The company is scheduled to announce its next quarterly earnings results on Wednesday, November 11th.
On average, analysts expect that BEST will report full-year sales of $4.94 billion for the current year, with estimates ranging from $4.84 billion to $5.03 billion. For the next financial year, analysts forecast that the company will post sales of $5.95 billion, with estimates ranging from $5.68 billion to $6.09 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow BEST.
BEST (NYSE:BEST) last issued its quarterly earnings data on Monday, August 17th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.18. The firm had revenue of $8.42 billion for the quarter, compared to analyst estimates of $8.95 billion. BEST had a negative net margin of 2.14% and a negative return on equity of 20.02%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 earnings per share.
Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of BEST by 15,773.5% in the first quarter. Royal Bank of Canada now owns 5,397 shares of the company’s stock valued at $29,000 after purchasing an additional 5,363 shares during the period. US Bancorp DE raised its position in shares of BEST by 991.7% in the first quarter. US Bancorp DE now owns 6,583 shares of the company’s stock valued at $35,000 after purchasing an additional 5,980 shares during the period. Advisor Group Holdings Inc. bought a new position in shares of BEST in the first quarter valued at approximately $45,000. Russell Investments Group Ltd. bought a new position in shares of BEST in the first quarter valued at approximately $69,000. Finally, Engineers Gate Manager LP bought a new position in shares of BEST in the second quarter valued at approximately $95,000. 23.95% of the stock is currently owned by institutional investors.
BEST remained flat at $$3.00 during midday trading on Monday. 648,369 shares of the company traded hands, compared to its average volume of 1,378,131. The stock has a market capitalization of $1.18 billion, a P/E ratio of -11.58 and a beta of 0.55. The company’s 50 day moving average price is $3.85 and its two-hundred day moving average price is $4.68. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89. BEST has a 52-week low of $2.90 and a 52-week high of $6.54.
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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