Noteworthy ETF Outflows: AAXJ, BEKE, ZTO, GRAB
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 01 2024
0mins
Source: NASDAQ.COM
ETF Performance Overview: AAXJ's share price is currently at $71.67, within a 52-week range of $60.9164 to $75.60, and the comparison with the 200-day moving average is highlighted as a useful technical analysis tool.
ETFs Trading Mechanism: ETFs trade like stocks but involve "units" that can be created or destroyed based on investor demand, impacting the underlying holdings and leading to notable inflows or outflows monitored weekly.
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Analyst Views on ZTO
About ZTO
ZTO Express (Cayman) Inc is a holding company that provides express delivery services and other value-added logistics services through a nationwide network. The express delivery services mainly include parcel sorting and route transportation. The Company provides express delivery services directly to corporate customers, including vertical e-commerce and traditional merchants, as well as delivering products to end consumers. The Company also provides freight forwarding services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ZTO Express Reports Strong Earnings with Market Share Growth
- Parcel Volume Growth: ZTO Express achieved a 13.2% year-over-year increase in parcel volume, reaching 9.67 billion parcels, significantly outpacing industry growth, indicating the company's sustained competitive strength in the market.
- Revenue and Profit Increase: The company reported total revenue of RMB 13.3 billion, a 22% year-over-year increase, with adjusted net income rising to RMB 2.38 billion, up 5.2%, reflecting improved profitability and successful business expansion.
- Cost Efficiency Optimization: ZTO successfully reduced the combined unit cost of transportation and sorting by $0.06 through automation and digitized solutions, enhancing overall operational efficiency, and despite diesel price hikes, core transit-related costs are expected to decrease further.
- Market Share Expansion: ZTO Express expanded its market share by 1.2 percentage points, demonstrating a strong market position in the increasingly competitive express delivery industry, with plans to leverage AI technology to further enhance operational efficiency.
See More
ZTO Express Q1 2026 Earnings Call Insights
- Parcel Volume Growth: In Q1 2026, ZTO Express reported parcel volume of 9.67 billion, a 13.2% year-over-year increase, with market share expanding by 1.2 percentage points, indicating strong performance in a competitive logistics market.
- Revenue and Profit Increase: Total revenue rose 22% to RMB 13.3 billion, with adjusted net income at RMB 2.4 billion, reflecting successful strategies in cost control and growing market demand.
- Operational Efficiency Improvement: Unit costs for transportation and sorting decreased to RMB 0.37 and RMB 0.25, respectively, while operating cash flow increased by 18% to RMB 2.8 billion, demonstrating significant progress in enhancing operational efficiency and reducing costs.
- Future Outlook: Management anticipates capital expenditures of RMB 6 billion in 2026 and maintains guidance for parcel volume growth of 10% to 13%, showcasing confidence in future market demand.
See More
ZTO Express Reports Strong Q1 Results with 13.2% Parcel Volume Growth
- Parcel Volume Growth: ZTO Express achieved a parcel volume of 9.7 billion in Q1 2026, reflecting a 13.2% year-over-year increase that outpaced the industry average by 7.4 percentage points, demonstrating the company's robust performance in the rapidly growing e-commerce market and solidifying its market leadership.
- Net Income Increase: Adjusted net income rose to RMB 2.4 billion, up 5.2% year-over-year, indicating the company's success in enhancing operational efficiency and optimizing revenue structure, which strengthens overall profitability and market competitiveness.
- Strong Cash Flow: Net cash generated from operating activities was RMB 2.8 billion, showcasing the company's ongoing improvements in cash management and operational efficiency, providing ample funding for future investments and expansion.
- Share Repurchase Program: The company's board approved a new share repurchase program, authorizing up to $1.5 billion in share buybacks over the next 24 months, reflecting confidence in its own value and commitment to shareholders.
See More
ZTO Express Q1 2026 Financial Highlights
- Parcel Volume Growth: ZTO Express reported a parcel volume of 9.7 billion in Q1 2026, reflecting a 13.2% year-over-year increase, which outpaced the industry average by 7.4 percentage points, underscoring the company's strong performance in the rapidly growing e-commerce market and solidifying its market leadership.
- Revenue and Profit Increase: The company's total revenue for Q1 reached RMB 13.28 billion (US$1.93 billion), a 22.0% increase year-over-year, while adjusted net income was RMB 2.4 billion (US$0.34 billion), up 5.2%, indicating successful optimization of revenue structure and service quality improvements.
- Operational Efficiency Improvement: ZTO's core express average selling price increased by 8.2%, while unit sorting and transportation costs decreased by 6 cents, demonstrating effective cost control through economies of scale and improved route planning, enhancing overall profitability.
- Future Outlook: ZTO reiterated its parcel volume growth guidance for 2026 at 10% to 13%, projecting a range of 42.37 billion to 43.52 billion parcels, reflecting confidence in market demand and a strategic plan for sustained growth.
See More
ZTO Express Q1 Earnings Report Analysis
- Earnings Performance: ZTO Express reported a Q1 Non-GAAP EPS of $0.43, missing expectations by $0.02, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth: The company achieved Q1 revenue of $1.92 billion, a 28.0% year-over-year increase, exceeding market expectations by $40 million, demonstrating ongoing business expansion despite the earnings miss.
- Future Outlook: Based on current market and operating conditions, the company reiterates its expectation for parcel volume to increase by 10% to 13% year-over-year in 2026, with a projected volume range of 42.37 billion to 43.52 billion, reflecting confidence in future growth.
- Market Reaction: Despite the revenue beat, the earnings miss may lead to a cautious short-term outlook from the market on ZTO Express, potentially impacting stock performance.
See More
ZTO Express Set to Announce Q1 Earnings on May 19
- Earnings Announcement Date: ZTO Express is scheduled to release its Q1 earnings on May 19 after market close, with a consensus EPS estimate of $0.45, reflecting a 21.6% year-over-year increase, indicating ongoing improvements in profitability that could positively impact stock prices.
- Revenue Growth Expectations: The anticipated revenue for Q1 is $1.88 billion, representing a 25.3% year-over-year growth, which highlights the rising market demand in the express delivery sector and may bolster investor confidence, potentially driving stock prices higher.
- Historical Performance: Over the past two years, ZTO has beaten EPS estimates 75% of the time and revenue estimates 63% of the time, suggesting a consistent performance track record that could attract more investor interest and enhance market expectations for future performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and one downward revision, while revenue estimates experienced one upward revision with no downward adjustments, indicating a cautiously optimistic outlook from analysts that may influence market perceptions of the stock.
See More
ZTO Express Reports Strong Earnings with Market Share Growth
- Parcel Volume Growth: ZTO Express achieved a 13.2% year-over-year increase in parcel volume, reaching 9.67 billion parcels, significantly outpacing industry growth, indicating the company's sustained competitive strength in the market.
- Revenue and Profit Increase: The company reported total revenue of RMB 13.3 billion, a 22% year-over-year increase, with adjusted net income rising to RMB 2.38 billion, up 5.2%, reflecting improved profitability and successful business expansion.
- Cost Efficiency Optimization: ZTO successfully reduced the combined unit cost of transportation and sorting by $0.06 through automation and digitized solutions, enhancing overall operational efficiency, and despite diesel price hikes, core transit-related costs are expected to decrease further.
- Market Share Expansion: ZTO Express expanded its market share by 1.2 percentage points, demonstrating a strong market position in the increasingly competitive express delivery industry, with plans to leverage AI technology to further enhance operational efficiency.
See More
ZTO Express Q1 2026 Earnings Call Insights
- Parcel Volume Growth: In Q1 2026, ZTO Express reported parcel volume of 9.67 billion, a 13.2% year-over-year increase, with market share expanding by 1.2 percentage points, indicating strong performance in a competitive logistics market.
- Revenue and Profit Increase: Total revenue rose 22% to RMB 13.3 billion, with adjusted net income at RMB 2.4 billion, reflecting successful strategies in cost control and growing market demand.
- Operational Efficiency Improvement: Unit costs for transportation and sorting decreased to RMB 0.37 and RMB 0.25, respectively, while operating cash flow increased by 18% to RMB 2.8 billion, demonstrating significant progress in enhancing operational efficiency and reducing costs.
- Future Outlook: Management anticipates capital expenditures of RMB 6 billion in 2026 and maintains guidance for parcel volume growth of 10% to 13%, showcasing confidence in future market demand.
See More
ZTO Express Reports Strong Q1 Results with 13.2% Parcel Volume Growth
- Parcel Volume Growth: ZTO Express achieved a parcel volume of 9.7 billion in Q1 2026, reflecting a 13.2% year-over-year increase that outpaced the industry average by 7.4 percentage points, demonstrating the company's robust performance in the rapidly growing e-commerce market and solidifying its market leadership.
- Net Income Increase: Adjusted net income rose to RMB 2.4 billion, up 5.2% year-over-year, indicating the company's success in enhancing operational efficiency and optimizing revenue structure, which strengthens overall profitability and market competitiveness.
- Strong Cash Flow: Net cash generated from operating activities was RMB 2.8 billion, showcasing the company's ongoing improvements in cash management and operational efficiency, providing ample funding for future investments and expansion.
- Share Repurchase Program: The company's board approved a new share repurchase program, authorizing up to $1.5 billion in share buybacks over the next 24 months, reflecting confidence in its own value and commitment to shareholders.
See More
ZTO Express Q1 2026 Financial Highlights
- Parcel Volume Growth: ZTO Express reported a parcel volume of 9.7 billion in Q1 2026, reflecting a 13.2% year-over-year increase, which outpaced the industry average by 7.4 percentage points, underscoring the company's strong performance in the rapidly growing e-commerce market and solidifying its market leadership.
- Revenue and Profit Increase: The company's total revenue for Q1 reached RMB 13.28 billion (US$1.93 billion), a 22.0% increase year-over-year, while adjusted net income was RMB 2.4 billion (US$0.34 billion), up 5.2%, indicating successful optimization of revenue structure and service quality improvements.
- Operational Efficiency Improvement: ZTO's core express average selling price increased by 8.2%, while unit sorting and transportation costs decreased by 6 cents, demonstrating effective cost control through economies of scale and improved route planning, enhancing overall profitability.
- Future Outlook: ZTO reiterated its parcel volume growth guidance for 2026 at 10% to 13%, projecting a range of 42.37 billion to 43.52 billion parcels, reflecting confidence in market demand and a strategic plan for sustained growth.
See More
ZTO Express Q1 Earnings Report Analysis
- Earnings Performance: ZTO Express reported a Q1 Non-GAAP EPS of $0.43, missing expectations by $0.02, indicating pressure on profitability that may affect investor confidence.
- Revenue Growth: The company achieved Q1 revenue of $1.92 billion, a 28.0% year-over-year increase, exceeding market expectations by $40 million, demonstrating ongoing business expansion despite the earnings miss.
- Future Outlook: Based on current market and operating conditions, the company reiterates its expectation for parcel volume to increase by 10% to 13% year-over-year in 2026, with a projected volume range of 42.37 billion to 43.52 billion, reflecting confidence in future growth.
- Market Reaction: Despite the revenue beat, the earnings miss may lead to a cautious short-term outlook from the market on ZTO Express, potentially impacting stock performance.
See More
ZTO Express Set to Announce Q1 Earnings on May 19
- Earnings Announcement Date: ZTO Express is scheduled to release its Q1 earnings on May 19 after market close, with a consensus EPS estimate of $0.45, reflecting a 21.6% year-over-year increase, indicating ongoing improvements in profitability that could positively impact stock prices.
- Revenue Growth Expectations: The anticipated revenue for Q1 is $1.88 billion, representing a 25.3% year-over-year growth, which highlights the rising market demand in the express delivery sector and may bolster investor confidence, potentially driving stock prices higher.
- Historical Performance: Over the past two years, ZTO has beaten EPS estimates 75% of the time and revenue estimates 63% of the time, suggesting a consistent performance track record that could attract more investor interest and enhance market expectations for future performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen one upward revision and one downward revision, while revenue estimates experienced one upward revision with no downward adjustments, indicating a cautiously optimistic outlook from analysts that may influence market perceptions of the stock.
See More
