BEST Inc. (NYSE:BEST) is reporting third quarter earnings results on Thursday 19th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.09 per share.
For the full year, analysts predict revenues of $ 5243.68 million, while looking forward to loss of $ 0.26 per share.
Previous Quarter Performance
BEST Inc. outlined income for the second quarter of $ 0.01 per share, from the revenue of $ 1,192.00 million. The quarterly revenues shrunk 5.08 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.02 per share from $ 1287.03 million in revenue. The bottom line results beat street analysts by $ 0.03 or 150.00 percent, at the same time, top line results fell short of analysts by $ 95.03 million or 7.38 percent.
Stock Performance
Shares of BEST Inc. traded up $ 0.02 or 0.64 percent on Wednesday, reaching $ 3.13 with volume of 3.85 million shares. BEST Inc. has traded high as $ 3.25 and has cracked $ 3.03 on the downward trend
According to the previous trading day, closing price of $ 3.13, representing a 26.42 % increase from the 52 week low of $ 2.46 and a 52.45 % decrease over the 52 week high of $ 6.54.
The company has a market capital of $ 1.23 billion and is part of the Industrials sector and Trucking industry.
Conference Call
BEST Inc. will be hosting a conference call at 9:00 PM eastern time on 19th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, +1-888-317-6003 U.S. or +1-412-317-6061 (International), when prompted, enter passcode 6127097 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.best-inc.com
BEST Inc. operates as a smart supply chain service provider in the Peoples Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications.
