BEST Inc. (NYSE:BEST) Expected to Announce Earnings of -$0.01 Per Share

Brokerages predict that BEST Inc. (NYSE:BEST) will report earnings per share (EPS) of ($0.01) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for BEST’s earnings. BEST reported earnings of $0.01 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 200%. The business is scheduled to issue its next quarterly earnings report on Wednesday, November 11th.

On average, analysts expect that BEST will report full year earnings of ($0.27) per share for the current year, with EPS estimates ranging from ($0.33) to ($0.23). For the next year, analysts forecast that the firm will report earnings of $0.01 per share, with EPS estimates ranging from ($0.12) to $0.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for BEST.

BEST (NYSE:BEST) last issued its earnings results on Monday, August 17th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.18. The company had revenue of $8.42 billion during 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 business posted $0.02 EPS.

A number of equities research analysts have issued reports on BEST shares. Oppenheimer reissued 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 report on Friday, August 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $6.05.

Shares of NYSE:BEST remained flat at $$3.00 during trading on Friday. 648,369 shares of the company’s stock were exchanged, compared to its average volume of 1,378,131. The company has a fifty day simple moving average of $3.85 and a two-hundred day simple moving average of $4.68. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -11.58 and a beta of 0.55. BEST has a 52 week low of $2.90 and a 52 week high of $6.54. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89.

Institutional investors have recently added to or reduced their stakes in the company. Andra AP fonden raised its holdings in BEST by 58.3% in the 2nd quarter. Andra AP fonden now owns 354,500 shares of the company’s stock worth $1,517,000 after acquiring an additional 130,500 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in BEST by 28.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 79,226 shares of the company’s stock worth $424,000 after acquiring an additional 17,526 shares during the period. California Public Employees Retirement System raised its holdings in BEST by 262.0% in the 2nd quarter. California Public Employees Retirement System now owns 1,592,324 shares of the company’s stock worth $6,815,000 after acquiring an additional 1,152,477 shares during the period. Canada Pension Plan Investment Board raised its holdings in BEST by 6,236.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 316,800 shares of the company’s stock worth $1,356,000 after acquiring an additional 311,800 shares during the period. Finally, Swiss National Bank bought a new position in BEST in the 2nd quarter worth $1,031,000. Institutional investors and hedge funds own 23.95% of the company’s stock.

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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BEST Inc. (NYSE:BEST) Expected to Announce Earnings of -$0.01 Per Share

Equities analysts expect that BEST Inc. (NYSE:BEST) will report earnings of ($0.01) per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for BEST’s earnings. BEST reported earnings per share of $0.01 during the same quarter last year, which would indicate a negative year-over-year growth rate of 200%. The company is expected to announce its next earnings report on Wednesday, November 11th.

On average, analysts expect that BEST will report full year earnings of ($0.27) per share for the current financial year, with EPS estimates ranging from ($0.33) to ($0.23). For the next fiscal year, analysts anticipate 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 earnings per share calculations are an average based on a survey of analysts that cover BEST.

BEST (NYSE:BEST) last announced its quarterly earnings results on Monday, August 17th. The company reported $0.05 EPS for the quarter, beating 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 company had revenue of $8.42 billion for the quarter, compared to analyst estimates of $8.95 billion. During the same quarter last year, the business earned $0.02 earnings per share. BEST’s revenue was down 4.2% compared to the same quarter last year.

Several equities research analysts have commented on BEST shares. Zacks Investment Research lowered shares of BEST from a “hold” rating to a “sell” rating in a research note on Friday, August 28th. Oppenheimer reiterated a “buy” rating and set a $6.00 price objective on shares of BEST in a research note on Wednesday, August 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $6.05.

Shares of NYSE:BEST remained flat at $$3.00 during trading hours on Friday. 648,369 shares of the company’s stock traded hands, compared to its average volume of 1,378,131. The firm has a fifty day moving average price of $3.85 and a two-hundred day moving average price of $4.68. BEST has a 12 month low of $2.90 and a 12 month high of $6.54. The firm has a market capitalization 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 current ratio of 0.86 and a quick ratio of 0.85.

Several hedge funds and other institutional investors have recently bought and sold shares of BEST. Royal Bank of Canada grew its position in BEST by 15,773.5% in the first quarter. Royal Bank of Canada now owns 5,397 shares of the company’s stock worth $29,000 after buying an additional 5,363 shares during the last quarter. US Bancorp DE grew its position in BEST by 991.7% in the first quarter. US Bancorp DE now owns 6,583 shares of the company’s stock worth $35,000 after buying an additional 5,980 shares during the last quarter. Advisor Group Holdings Inc. acquired a new position in BEST in the first quarter worth approximately $45,000. Shell Asset Management Co. acquired a new position in BEST in the first quarter worth approximately $72,000. Finally, Russell Investments Group Ltd. acquired a new position in BEST in the first quarter worth approximately $69,000. Institutional investors and hedge funds own 23.95% of the company’s stock.

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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