$1.32 Billion in Sales Expected for Wuhan General Group (China) (BEST) This Quarter

Share on StockTwits

Brokerages predict that Wuhan General Group (China) (NASDAQ:BEST) will announce sales of $1.32 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Wuhan General Group’s earnings, with estimates ranging from $1.31 billion to $1.33 billion. Wuhan General Group posted sales of $1.02 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 29.4%. The firm is expected to report its next quarterly earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Wuhan General Group will report full-year sales of $5.47 billion for the current financial year, with estimates ranging from $5.41 billion to $5.55 billion. For the next year, analysts anticipate that the business will post sales of $6.81 billion, with estimates ranging from $6.42 billion to $7.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Wuhan General Group.

Wuhan General Group (NASDAQ:BEST) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.53) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.43). The firm had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.49 billion. During the same period in the previous year, the company posted ($0.84) earnings per share. The business’s quarterly revenue was up 37.4% on a year-over-year basis.

A number of equities analysts have recently commented on the company. Sanford C. Bernstein downgraded Wuhan General Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $11.00 to $6.00 in a research report on Tuesday, April 23rd. KeyCorp lowered their price objective on Wuhan General Group from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Wednesday, May 15th. Finally, Zacks Investment Research raised Wuhan General Group from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research report on Wednesday.

Shares of Wuhan General Group stock traded down $0.11 on Wednesday, reaching $4.09. 696,255 shares of the company were exchanged, compared to its average volume of 1,086,193. Wuhan General Group has a 1-year low of $3.77 and a 1-year high of $13.54.

About Wuhan General Group

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.

Recommended Story: Hedge Funds – How They Work For Investors

Get a free copy of the Zacks research report on Wuhan General Group (BEST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Wuhan General Group (NASDAQ:BEST)

Receive News & Ratings for Wuhan General Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wuhan General Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Brokerages Set FedEx Co.  Price Target at $200.77
Brokerages Set FedEx Co. Price Target at $200.77
SYNNEX  Issues Q3 Earnings Guidance
SYNNEX Issues Q3 Earnings Guidance
Paychex  Updates FY 2020 Earnings Guidance
Paychex Updates FY 2020 Earnings Guidance
IHS Markit  Updates FY19 Earnings Guidance
IHS Markit Updates FY19 Earnings Guidance
LyondellBasell Industries  Updates Q2 Earnings Guidance
LyondellBasell Industries Updates Q2 Earnings Guidance
Starbucks  Coverage Initiated by Analysts at Citigroup
Starbucks Coverage Initiated by Analysts at Citigroup


© 2006-2019 Ticker Report