Analysts Expect BEST Inc (BSTI) Will Post Quarterly Sales of $1.19 Billion

Wall Street brokerages forecast that BEST Inc (NYSE:BSTI) will post $1.19 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for BEST’s earnings, with the highest sales estimate coming in at $1.26 billion and the lowest estimate coming in at $1.15 billion. The business is expected to announce its next quarterly earnings results on Thursday, April 11th.

On average, analysts expect that BEST will report full-year sales of $4.03 billion for the current financial year, with estimates ranging from $3.99 billion to $4.12 billion. For the next financial year, analysts anticipate that the business will report sales of $5.07 billion, with estimates ranging from $4.78 billion to $5.28 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for BEST.

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A number of analysts recently issued reports on BSTI shares. KeyCorp reduced their price objective on BEST from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, November 12th. Zacks Investment Research cut BEST from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $9.33.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fox Run Management L.L.C. bought a new position in BEST during the fourth quarter valued at about $44,000. Jane Street Group LLC bought a new position in BEST during the fourth quarter valued at about $77,000. Legal & General Group Plc bought a new position in BEST during the third quarter valued at about $84,000. Element Pointe Advisors LLC bought a new position in BEST during the fourth quarter valued at about $85,000. Finally, GSA Capital Partners LLP bought a new position in BEST during the fourth quarter valued at about $105,000. Institutional investors own 16.57% of the company’s stock.

BSTI traded down $0.08 during trading on Tuesday, reaching $5.89. 525,479 shares of the stock traded hands, compared to its average volume of 804,034. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -4.64, a PEG ratio of 1.13 and a beta of 0.05. BEST has a fifty-two week low of $3.77 and a fifty-two week 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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