BEST (NYSE:BEST) Posts Earnings Results, Meets Expectations

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BEST (NYSE:BEST) issued its quarterly earnings data on Tuesday. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02, reports. BEST had a negative net margin of 1.35% and a negative return on equity of 10.65%. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same period last year, the business posted ($0.15) earnings per share. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. BEST updated its FY 2019 guidance to EPS.

BEST stock traded down $0.20 during mid-day trading on Wednesday, reaching $4.30. The company’s stock had a trading volume of 240,265 shares, compared to its average volume of 953,385. The stock has a market cap of $1.81 billion, a P/E ratio of -20.48, a price-to-earnings-growth ratio of 3.78 and a beta of 1.20. BEST has a 12 month low of $3.77 and a 12 month high of $8.80. The firm’s 50 day simple moving average is $5.09.

A number of equities research analysts recently commented on BEST shares. Zacks Investment Research lowered shares of BEST from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Sanford C. Bernstein lowered shares of BEST from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $11.00 to $6.00 in a report on Tuesday, April 23rd. Finally, KeyCorp dropped their price objective on shares of BEST from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday, May 15th.

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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