Equities research analysts predict that BEST Inc (NYSE:BSTI) will announce earnings of ($0.12) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for BEST’s earnings. The lowest EPS estimate is ($0.17) and the highest is ($0.05). The business is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that BEST will report full year earnings of ($0.49) per share for the current year, with EPS estimates ranging from ($0.61) to ($0.36). For the next financial year, analysts anticipate that the firm will post earnings of ($0.04) per share, with EPS estimates ranging from ($0.10) to $0.04. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for BEST.
A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of BEST in a report on Tuesday, October 17th. They issued an “overweight” rating on the stock. Deutsche Bank assumed coverage on shares of BEST in a report on Monday, October 16th. They issued a “buy” rating on the stock. Stifel Nicolaus assumed coverage on shares of BEST in a report on Monday, October 16th. They issued a “buy” rating and a $16.00 price objective on the stock. Credit Suisse Group assumed coverage on shares of BEST in a report on Monday, October 16th. They issued an “outperform” rating on the stock. Finally, KeyCorp assumed coverage on shares of BEST in a report on Monday, October 16th. They issued an “overweight” rating and a $16.00 price objective on the stock. One analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $14.92.
Shares of BEST (NYSE:BSTI) opened at $9.23 on Monday. BEST has a twelve month low of $8.72 and a twelve month high of $13.25.
An institutional investor recently bought a new position in BEST stock. Janney Montgomery Scott LLC bought a new stake in BEST Inc (NYSE:BSTI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,600 shares of the company’s stock, valued at approximately $127,000. 13.31% of the stock is currently owned by institutional investors.
BEST Company Profile
BEST Inc is engaged in providing supply chain solutions. The Company offers a cloud based platform, BEST Cloud which is integration of online and offline retail to offer delivery. It provides technology-enabled solutions to its users. The Company’s service offerings include BEST supply chain management, BEST express, BEST freight, BEST store+, BEST global, BEST cargo and BEST Ucargo.
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