$974.75 Million in Sales Expected for BEST Inc (BSTI) This Quarter

Wall Street brokerages forecast that BEST Inc (NYSE:BSTI) will report sales of $974.75 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for BEST’s earnings. The lowest sales estimate is $973.86 million and the highest is $976.00 million. The business is scheduled to report its next earnings report before the market opens on Thursday, March 1st.

On average, analysts expect that BEST will report full year sales of $974.75 million for the current year, with estimates ranging from $2.96 billion to $3.03 billion. For the next year, analysts forecast that the company will report sales of $4.81 billion per share, with estimates ranging from $4.71 billion to $4.92 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow BEST.

How to Become a New Pot Stock Millionaire

Several research firms have recently weighed in on BSTI. Zacks Investment Research raised BEST from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. KeyCorp set a $14.00 price objective on BEST and gave the company a “buy” rating in a research report on Wednesday, February 21st. Oppenheimer began coverage on BEST in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $13.00 price objective for the company. Finally, Citigroup began coverage on BEST in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $13.00 price objective for the company. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $14.52.

BEST stock traded up $0.14 during trading hours on Friday, reaching $10.30. 3,368,046 shares of the company were exchanged, compared to its average volume of 1,387,352. BEST has a 12 month low of $8.08 and a 12 month high of $13.25.

Institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new position in shares of BEST in the third quarter valued at $127,000. Huntington National Bank acquired a new position in shares of BEST in the fourth quarter valued at $135,000. Two Sigma Investments LP acquired a new position in shares of BEST in the fourth quarter valued at $166,000. Nwam LLC acquired a new position in shares of BEST in the fourth quarter valued at $226,000. Finally, Ellington Management Group LLC acquired a new position in shares of BEST in the fourth quarter valued at $280,000. 10.98% of the stock is owned by institutional investors.

WARNING: “$974.75 Million in Sales Expected for BEST Inc (BSTI) This Quarter” was first posted by WKRB News and is owned by of WKRB News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.wkrb13.com/2018/04/02/974-75-million-in-sales-expected-for-best-inc-bsti-this-quarter.html.

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.

Get a free copy of the Zacks research report on BEST (BSTI)

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.

Leave a Reply