BEST (NYSE:BEST) released its quarterly earnings data on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.02, Briefing.com reports. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.89 billion. BEST had a negative net margin of 1.35% and a negative return on equity of 10.65%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.15) EPS. BEST updated its FY 2019 guidance to EPS.
BEST traded down $0.20 during trading on Wednesday, reaching $4.30. 240,265 shares of the company’s stock were exchanged, compared to its average volume of 953,385. BEST has a one year low of $3.77 and a one year high of $8.80. The stock has a market capitalization of $1.81 billion, a PE ratio of -20.48, a PEG ratio of 3.78 and a beta of 1.20. The stock has a fifty day moving average price of $5.09.
A number of research firms recently issued reports on BEST. KeyCorp lowered their price objective on shares of BEST from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Wednesday, May 15th. Sanford C. Bernstein lowered shares of BEST from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $11.00 to $6.00 in a report on Tuesday, April 23rd. Finally, Zacks Investment Research lowered shares of BEST from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd.
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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