BEST Inc (NYSE:BSTI) – Equities research analysts at KeyCorp reduced their Q4 2018 EPS estimates for shares of BEST in a research report issued on Sunday, November 11th. KeyCorp analyst H. Chung now anticipates that the company will post earnings of $0.00 per share for the quarter, down from their prior estimate of $0.01. KeyCorp has a “Buy” rating and a $8.00 price objective on the stock. KeyCorp also issued estimates for BEST’s Q2 2019 earnings at $0.08 EPS and Q3 2019 earnings at $0.10 EPS.

BEST (NYSE:BSTI) last issued its quarterly earnings results on Friday, November 9th. The company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03). The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion.

A number of other brokerages have also recently weighed in on BSTI. Zacks Investment Research cut BEST from a “hold” rating to a “sell” rating in a research note on Tuesday. Macquarie raised BEST from a “neutral” rating to an “outperform” rating and set a $8.00 price target on the stock in a research note on Wednesday, September 12th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. dropped their price target on BEST from $14.80 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. BEST currently has an average rating of “Buy” and an average price target of $10.80.

Shares of BSTI opened at $6.22 on Wednesday. The stock has a market capitalization of $2.21 billion, a P/E ratio of -4.90 and a beta of -1.80. BEST has a 1-year low of $4.67 and a 1-year high of $13.54.

Large investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC purchased a new position in BEST during the 1st quarter valued at about $110,000. NumerixS Investment Technologies Inc purchased a new position in BEST during the 2nd quarter valued at about $159,000. Guggenheim Capital LLC purchased a new position in BEST during the 1st quarter valued at about $207,000. SG Americas Securities LLC grew its stake in BEST by 64.8% during the 2nd quarter. SG Americas Securities LLC now owns 20,758 shares of the company’s stock valued at $254,000 after acquiring an additional 8,161 shares in the last quarter. Finally, BRILLIANCE ASSET MANAGEMENT Ltd purchased a new position in BEST during the 2nd quarter valued at about $257,000. 18.47% of the stock is currently owned by institutional investors.

About BEST

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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