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.
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.
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.
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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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