BEST Inc (BSTI) Expected to Announce Quarterly Sales of $972.69 Million
Analysts forecast that BEST Inc (NYSE:BSTI) will post sales of $972.69 million for the current quarter, Zacks reports. Three analysts have provided estimates for BEST’s earnings, with the lowest sales estimate coming in at $970.00 million and the highest estimate coming in at $974.20 million. The company is expected to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that BEST will report full-year sales of $972.69 million for the current year, with estimates ranging from $2.95 billion to $3.03 billion. For the next fiscal year, analysts forecast that the business will post sales of $4.74 billion per share, with estimates ranging from $4.72 billion to $4.77 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover BEST.
BSTI has been the subject of several analyst reports. Goldman Sachs Group assumed coverage on shares of BEST in a research note on Sunday, October 15th. They issued a “buy” rating and a $16.60 price objective for the company. Deutsche Bank assumed coverage on shares of BEST in a research report on Monday, October 16th. They set a “buy” rating for the company. Stifel Nicolaus assumed coverage on shares of BEST in a research report on Monday, October 16th. They set a “buy” rating and a $16.00 target price for the company. Oppenheimer assumed coverage on shares of BEST in a research report on Tuesday, December 5th. They set an “outperform” rating and a $13.00 target price for the company. Finally, Citigroup assumed coverage on shares of BEST in a research report on Tuesday, December 5th. They set an “outperform” rating and a $13.00 target price for the company. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $14.92.
An institutional investor recently bought a new position in BEST stock. Janney Montgomery Scott LLC bought a new position in shares of BEST Inc (NYSE:BSTI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,600 shares of the company’s stock, valued at approximately $127,000. 13.32% of the stock is owned by institutional investors.
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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