BEST Inc (BSTI) Expected to Announce Earnings of -$0.01 Per Share

Wall Street brokerages predict that BEST Inc (NYSE:BSTI) will report earnings per share (EPS) of ($0.01) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for BEST’s earnings, with estimates ranging from ($0.03) to $0.00. The company is scheduled to issue its next earnings results on Thursday, April 11th.

According to Zacks, analysts expect that BEST will report full year earnings of ($0.17) per share for the current year, with EPS estimates ranging from ($0.21) to ($0.14). For the next year, analysts expect that the company will post earnings of $0.14 per share, with EPS estimates ranging from $0.02 to $0.27. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow BEST.

BEST (NYSE:BSTI) last announced its earnings results on Friday, November 9th. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion.

A number of research analysts have issued reports on the stock. KeyCorp decreased their price target on shares of BEST from $11.00 to $8.00 and set a “buy” rating for the company in a report on Monday, November 12th. Zacks Investment Research raised shares of BEST from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Macquarie raised shares of BEST from a “neutral” rating to an “outperform” rating and set a $8.00 price target for the company in a report on Wednesday, September 12th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. decreased their price target on shares of BEST from $14.80 to $12.00 and set an “overweight” rating for the company in a report on Friday, August 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. BEST currently has an average rating of “Buy” and a consensus target price of $9.33.

Several hedge funds and other institutional investors have recently bought and sold shares of BSTI. RBF Capital LLC purchased a new position in shares of BEST in the third quarter worth $136,000. PEAK6 Investments LLC purchased a new position in shares of BEST during the third quarter worth $153,000. NumerixS Investment Technologies Inc purchased a new position in shares of BEST during the second quarter worth $159,000. SG Americas Securities LLC raised its holdings in shares of BEST by 64.8% during the second quarter. SG Americas Securities LLC now owns 20,758 shares of the company’s stock worth $254,000 after purchasing an additional 8,161 shares during the last quarter. Finally, BRILLIANCE ASSET MANAGEMENT Ltd purchased a new position in shares of BEST during the second quarter worth $257,000. 17.19% of the stock is owned by institutional investors and hedge funds.

BSTI traded down $0.25 during trading on Monday, hitting $4.66. The stock had a trading volume of 1,086,724 shares, compared to its average volume of 916,303. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -3.67 and a beta of -1.90. BEST has a twelve month low of $4.66 and a twelve month high of $13.54.

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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