Equities analysts expect BEST Inc (NYSE:BSTI) to announce earnings per share (EPS) of ($0.12) for the current fiscal quarter, according to Zacks. Three analysts have made estimates for BEST’s earnings, with the lowest EPS estimate coming in at ($0.17) and the highest estimate coming in at ($0.06). The firm is scheduled to issue its next earnings report before the market opens on Thursday, March 1st.
According to Zacks, analysts expect that BEST will report full-year earnings of ($0.60) per share for the current financial year, with EPS estimates ranging from ($0.61) to ($0.59). For the next year, analysts expect that the business will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.09) to ($0.03). Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover BEST.
A number of analysts have weighed in on the company. 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 target on BEST and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Oppenheimer assumed coverage on BEST in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $13.00 price target for the company. Finally, Citigroup assumed coverage on BEST in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $13.00 price target for the company. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $14.52.
Several large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC bought a new stake in shares of BEST in the 3rd quarter valued at approximately $127,000. Huntington National Bank acquired a new stake in BEST during the fourth quarter worth approximately $135,000. Nwam LLC acquired a new stake in BEST during the fourth quarter worth approximately $226,000. Wells Fargo & Company MN lifted its position in BEST by 25.5% during the fourth quarter. Wells Fargo & Company MN now owns 6,929,506 shares of the company’s stock worth $62,227,000 after acquiring an additional 1,409,506 shares during the last quarter. Finally, Tiger Pacific Capital LP acquired a new stake in BEST during the fourth quarter worth approximately $1,315,000. 10.98% of the stock is owned by institutional investors.
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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