Equities analysts expect BEST Inc (NYSE:BSTI) to announce earnings of $0.01 per share for the current quarter, Zacks reports. Zero analysts have made estimates for BEST’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at $0.00. The business is expected to issue its next quarterly earnings report on Wednesday, August 8th.
On average, analysts expect that BEST will report full-year earnings of ($0.09) per share for the current year, with EPS estimates ranging from ($0.13) to ($0.02). For the next year, analysts anticipate that the firm will post earnings of $0.53 per share, with EPS estimates ranging from $0.35 to $0.77. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow BEST.
Several research analysts have recently weighed in on the company. KeyCorp cut their price target on BEST from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, July 19th. Zacks Investment Research upgraded BEST from a “sell” rating to a “hold” rating in a research note on Tuesday, May 15th. Citigroup downgraded BEST from a “buy” rating to a “neutral” rating in a research note on Thursday, May 10th. JPMorgan Chase & Co. increased their price target on BEST from $13.50 to $14.80 and gave the stock an “overweight” rating in a research note on Wednesday, June 13th. Finally, Macquarie downgraded BEST from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. BEST presently has a consensus rating of “Buy” and a consensus target price of $14.40.
BEST opened at $8.81 on Thursday, according to MarketBeat. BEST has a 12 month low of $8.08 and a 12 month high of $13.54. The firm has a market capitalization of $3.28 billion and a P/E ratio of -6.94.
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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