Brokerages Anticipate BEST Inc. (NYSE:BEST) to Announce $0.04 EPS

Analysts expect BEST Inc. (NYSE:BEST) to announce earnings per share (EPS) of $0.04 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for BEST’s earnings, with estimates ranging from $0.03 to $0.06. BEST posted earnings per share of $0.01 during the same quarter last year, which would indicate a positive year over year growth rate of 300%. The firm is expected to report its next quarterly earnings report on Tuesday, March 3rd.

On average, analysts expect that BEST will report full year earnings of ($0.03) per share for the current fiscal year, with EPS estimates ranging from ($0.06) to $0.01. For the next fiscal year, analysts forecast that the firm will report earnings of $0.19 per share, with EPS estimates ranging from $0.10 to $0.25. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover BEST.

BEST (NYSE:BEST) last announced its earnings results on Wednesday, November 13th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. BEST had a negative return on equity of 4.83% and a negative net margin of 0.86%. The firm had revenue of $8.75 billion during the quarter, compared to analyst estimates of $9.14 billion. The firm’s quarterly revenue was up 21.6% on a year-over-year basis.

Several equities research analysts have recently issued reports on BEST shares. Sanford C. Bernstein lowered BEST from a “market perform” rating to an “underperform” rating in a research report on Tuesday, August 20th. ValuEngine downgraded BEST from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Zacks Investment Research upgraded BEST from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th.

Shares of BEST stock traded down $0.22 during trading hours on Wednesday, hitting $5.66. 1,315,359 shares of the company’s stock traded hands, compared to its average volume of 1,252,717. BEST has a 12-month low of $3.77 and a 12-month high of $6.86. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -26.95 and a beta of 1.34. The company has a fifty day simple moving average of $5.57 and a 200-day simple moving average of $5.06. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.95 and a quick ratio of 0.93.

Several hedge funds have recently bought and sold shares of the company. Comerica Bank bought a new position in shares of BEST during the 3rd quarter worth $65,000. Commonwealth Equity Services LLC bought a new position in shares of BEST during the 3rd quarter worth $104,000. TradeLink Capital LLC bought a new position in shares of BEST during the 3rd quarter worth $121,000. Nwam LLC bought a new position in shares of BEST during the 3rd quarter worth $211,000. Finally, Squarepoint Ops LLC bought a new position in shares of BEST during the 3rd quarter worth $294,000. Institutional investors own 20.61% 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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Earnings History and Estimates for BEST (NYSE:BEST)

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