Analysts predict that BEST Inc. (NYSE:BEST) will report $1.56 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for BEST’s earnings, with the highest sales estimate coming in at $1.69 billion and the lowest estimate coming in at $1.49 billion. BEST posted sales of $1.31 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 19.1%. The company is scheduled to issue its next earnings results on Tuesday, March 3rd.
According to Zacks, analysts expect that BEST will report full-year sales of $5.03 billion for the current fiscal year, with estimates ranging from $4.91 billion to $5.18 billion. For the next financial year, analysts expect that the company will post sales of $6.31 billion, with estimates ranging from $5.91 billion to $6.53 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover BEST.
BEST (NYSE:BEST) last issued its earnings results on Wednesday, November 13th. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The business had revenue of $8.75 billion for the quarter, compared to the consensus estimate of $9.14 billion. BEST had a negative net margin of 0.86% and a negative return on equity of 4.83%. BEST’s quarterly revenue was up 21.6% compared to the same quarter last year.
Several brokerages recently issued reports on BEST. Jefferies Financial Group began coverage on BEST in a research note on Thursday. They issued a “buy” rating and a $7.40 price objective on the stock. Sanford C. Bernstein lowered BEST from a “market perform” rating to an “underperform” rating in a research report on Tuesday, August 20th. Zacks Investment Research upgraded BEST from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, ValuEngine downgraded BEST from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $6.29.
BEST stock opened at $5.77 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.93 and a current ratio of 0.95. The company has a market capitalization of $2.22 billion, a PE ratio of -27.48 and a beta of 1.34. The company has a 50 day moving average price of $5.60 and a 200-day moving average price of $5.07. BEST has a fifty-two week low of $3.77 and a fifty-two week high of $6.86.
Several large investors have recently bought and sold shares of BEST. Comerica Bank purchased a new stake in shares of BEST in the 3rd quarter worth approximately $65,000. Commonwealth Equity Services LLC bought a new position in BEST in the third quarter worth approximately $104,000. TradeLink Capital LLC bought a new position in BEST in the third quarter worth approximately $121,000. Nwam LLC purchased a new stake in BEST during the third quarter worth $211,000. Finally, Squarepoint Ops LLC purchased a new stake in BEST during the third quarter worth $294,000. Institutional investors and hedge funds own 20.61% of the company’s stock.
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.
Read More: Depreciation
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for BEST Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BEST and related companies with MarketBeat.com's FREE daily email newsletter.