Wall Street brokerages expect BEST Inc. (NYSE:BEST) to post $1.29 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for BEST’s earnings, with the highest sales estimate coming in at $1.31 billion and the lowest estimate coming in at $1.27 billion. BEST reported sales of $1.22 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5.7%. The company is scheduled to report its next earnings report on Wednesday, November 11th.
According to Zacks, analysts expect that BEST will report full-year sales of $4.94 billion for the current financial year, with estimates ranging from $4.84 billion to $5.03 billion. For the next fiscal year, analysts expect that the business 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 research firms that follow BEST.
BEST (NYSE:BEST) last posted its earnings results on Monday, August 17th. The company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.18. BEST had a negative return on equity of 20.02% and a negative net margin of 2.14%. The business had revenue of $8.42 billion for the quarter, compared to analysts’ expectations of $8.95 billion. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in BEST by 15,773.5% in the 1st 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 in the last quarter. US Bancorp DE boosted its holdings in BEST by 991.7% in the 1st 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 in the last quarter. Advisor Group Holdings Inc. purchased a new stake in BEST in the 1st quarter valued at approximately $45,000. Russell Investments Group Ltd. purchased a new stake in BEST in the 1st quarter valued at approximately $69,000. Finally, Engineers Gate Manager LP purchased a new stake in BEST in the 2nd quarter valued at approximately $95,000. 23.95% of the stock is currently owned by institutional investors.
Shares of BEST remained flat at $$3.00 during midday trading on Monday. The stock had a trading volume of 648,369 shares, compared to its average volume of 1,378,131. The firm has a fifty day simple moving average of $3.85 and a 200-day simple moving average of $4.68. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.86 and a quick ratio of 0.85. BEST has a twelve month low of $2.90 and a twelve month high of $6.54. The stock has a market cap of $1.18 billion, a P/E ratio of -11.58 and a beta of 0.55.
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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