Analysts expect BEST Inc (NYSE:BSTI) to report $1.05 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 $1.07 billion and the lowest estimate coming in at $1.03 billion. The company is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that BEST will report full year sales of $4.02 billion for the current year, with estimates ranging from $3.92 billion to $4.14 billion. For the next financial year, analysts anticipate that the company will report sales of $5.32 billion, with estimates ranging from $5.05 billion to $5.70 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow BEST.

BEST (NYSE:BSTI) last posted its earnings results on Wednesday, August 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.12 billion.

A number of research firms recently issued reports on BSTI. Macquarie lowered BEST from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 13th. JPMorgan Chase & Co. upped their target price on BEST from $13.50 to $14.80 and gave the company an “overweight” rating in a research note on Wednesday, June 13th. KeyCorp reduced their price target on BEST from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, July 19th. Finally, Zacks Investment Research lowered BEST from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. BEST has an average rating of “Buy” and a consensus price target of $12.80.

BSTI stock traded down $0.38 on Monday, reaching $5.42. The company had a trading volume of 1,445,517 shares, compared to its average volume of 1,220,987. BEST has a 1 year low of $5.38 and a 1 year high of $13.54. The firm has a market cap of $2.18 billion and a P/E ratio of -4.27.

Institutional investors have recently modified their holdings of the business. Profund Advisors LLC purchased a new position in shares of BEST during the 1st quarter worth $103,000. Cubist Systematic Strategies LLC purchased a new position in shares of BEST during the 1st quarter worth $110,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of BEST in the 1st quarter worth $115,000. NumerixS Investment Technologies Inc purchased a new position in shares of BEST in the 2nd quarter worth $159,000. Finally, Guggenheim Capital LLC purchased a new position in shares of BEST in the 1st quarter worth $207,000. 18.54% of the stock is currently owned by institutional investors.

BEST Company Profile

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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Earnings History and Estimates for BEST (NYSE:BSTI)

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