Equities analysts expect BEST Inc (NYSE:BSTI) to post sales of $974.69 million for the current quarter, Zacks reports. Three analysts have provided estimates for BEST’s earnings. The lowest sales estimate is $973.86 million and the highest is $976.00 million. The business is expected to report its next earnings results before the market opens on Thursday, March 1st.
According to Zacks, analysts expect that BEST will report full-year sales of $974.69 million for the current financial year, with estimates ranging from $2.96 billion to $3.03 billion. For the next year, analysts anticipate that the business will report sales of $4.80 billion per share, with estimates ranging from $4.73 billion to $4.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow BEST.
BSTI has been the topic of a number of recent research reports. Oppenheimer initiated coverage on BEST in a research report on Tuesday, December 5th. They set an “outperform” rating and a $13.00 price target on the stock. Zacks Investment Research cut BEST from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, Citigroup initiated coverage on BEST in a research report on Tuesday, December 5th. They set an “outperform” rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $14.92.
BEST (BSTI) opened at $9.65 on Tuesday. BEST has a 1 year low of $8.08 and a 1 year high of $13.25.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC purchased a new stake in BEST during the 3rd quarter worth about $127,000. Huntington National Bank purchased a new stake in BEST during the 4th quarter worth about $135,000. Two Sigma Investments LP purchased a new stake in BEST during the 4th quarter worth about $166,000. Nwam LLC purchased a new stake in BEST during the 4th quarter worth about $226,000. Finally, Ellington Management Group LLC purchased a new stake in BEST during the 4th quarter worth about $280,000. 11.27% of the stock is currently owned by institutional investors and hedge funds.
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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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