According to Zacks, “BEST Inc. offers logistics and supply chain management solutions. The Company’s service offerings include BEST supply chain management, BEST express, BEST freight, BEST store , BEST global, BEST cargo and BEST Ucargo serves which provide express and freight delivery, inventory management, warehousing, financing, cross-border supply chain, merchandise sourcing, and value-added services. It operates primarily in United States, Germany, Australia, Japan and Canada. BEST Inc. is based in Hangzhou, China. “
Other analysts have also recently issued reports about the stock. Sanford C. Bernstein cut shares of BEST from a “market perform” rating to an “underperform” rating in a research note on Tuesday, August 20th. ValuEngine raised shares of BEST from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.
BEST (NYSE:BEST) last released its earnings results on Wednesday, November 13th. The company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. BEST had a negative net margin of 1.04% and a negative return on equity of 8.34%. The firm had revenue of $8.75 billion during the quarter, compared to analysts’ expectations of $9.14 billion. BEST’s revenue was up 21.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that BEST will post -0.06 EPS for the current year.
A number of hedge funds have recently modified their holdings of the business. Creative Planning acquired a new stake in shares of BEST in the 3rd quarter valued at about $2,640,000. DNB Asset Management AS acquired a new stake in shares of BEST in the 3rd quarter valued at about $2,934,000. TimesSquare Capital Management LLC acquired a new stake in shares of BEST in the 3rd quarter valued at about $28,841,000. Baltimore Washington Financial Advisors Inc. acquired a new stake in shares of BEST in the 3rd quarter valued at about $1,130,000. Finally, Calamos Advisors LLC acquired a new stake in shares of BEST in the 3rd quarter valued at about $1,196,000. Hedge funds and other institutional investors own 19.73% of the company’s stock.
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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