Brokerages Anticipate BEST Inc. (NYSE:BEST) to Announce -$0.01 EPS

Wall Street analysts expect that BEST Inc. (NYSE:BEST) will announce earnings per share (EPS) of ($0.01) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for BEST’s earnings. BEST reported earnings of $0.01 per share during 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 results on Wednesday, November 11th.

According to Zacks, 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 anticipate that the firm will post earnings of $0.01 per share, with EPS estimates ranging from ($0.12) to $0.07. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow BEST.

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

A number of brokerages have recently commented on BEST. Oppenheimer reaffirmed a “buy” rating and set a $6.00 price target on shares of BEST in a research report on Wednesday, August 19th. Zacks Investment Research cut 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 issued a hold rating and three have assigned a buy rating to the company’s stock. The company 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 on Friday. The stock had a trading volume of 648,369 shares, 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 company has a debt-to-equity ratio of 0.89, a current ratio of 0.86 and a quick ratio of 0.85. The firm has a 50-day moving average of $3.85 and a 200-day moving average of $4.68. The stock has a market cap of $1.18 billion, a PE ratio of -11.58 and a beta of 0.55.

A number of hedge funds and other institutional investors have recently made changes to their positions in BEST. BlackRock Inc. increased its position in shares of BEST by 8.1% during the 1st quarter. BlackRock Inc. now owns 8,135,811 shares of the company’s stock valued at $43,525,000 after purchasing an additional 608,678 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of BEST by 8.7% during the 1st quarter. Bank of New York Mellon Corp now owns 288,721 shares of the company’s stock valued at $1,544,000 after purchasing an additional 23,078 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of BEST during the 1st quarter valued at about $69,000. Shell Asset Management Co. bought a new position in shares of BEST during the 1st quarter valued at about $72,000. Finally, State Street Corp increased its position in shares of BEST by 11.4% during the 1st quarter. State Street Corp now owns 3,436,681 shares of the company’s stock valued at $18,386,000 after purchasing an additional 350,716 shares during the last quarter. 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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