BEST Earnings Prediction
The chart below shows how BEST performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BEST sees a -5.32% change in stock price 10 days leading up to the earnings, and a +1.81% change 10 days following the report. On the earnings day itself, the stock moves by +3.17%. This data can give you a slight idea of what to expect for the next quarter's release.
BEST Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.14B
10.70%
24.63%
Gross Margin
4.15%
189.83%
-946.94%
Operating Margin
-7.93%
-56.02%
-52.49%
Net Margin
-8.16%
-53.69%
-45.67%
EPS
-0.37
-56.47%
-85.14%
No Data Available
BEST Earnings Analysis
BEST Inc. Corporation (BEST.N) Earnings Conference Call
Positive
BEST Inc. had a strong second quarter performance, achieving top line growth and bottom line improvements across all business units.
Group gross margin turned positive at 4.2% and net loss narrowed by 48.7% year-over-year.
BEST Freight and BEST Supply Chain Management reached non-GAAP profitability and generated positive cash operating cash flow.
BEST Global showed signs of recovery post-COVID, with improved revenue, gross margin, and growth in key accounts business.
BEST Freight demonstrated significant progress with a focus on quality and operating excellence.
Second quarter volume and revenue grew by 7.2% and 15.2% year-over-year, respectively.
Gross margin improved to 5.3% compared to negative 7.8% in the same period last year.
Achieved profitability, and expected to continue profitability in Q3 and Q4 with positive operating cash flow for 2023.
BEST Supply Chain Management experienced robust growth and record high gross margin.
Revenue increased by 6.7% year-over-year, with a gross margin of 10.9%.
Added 36 new key accounts and 33 new tender wins in Q2.
Expected to generate ongoing profit and positive cash flow for the remainder of 2023.
BEST Global is on track for growth and profitability, showing clear signs of recovery.
Key account business grew 25% quarter-over-quarter and cross-border volume increased by 54%.
Parcel volume expected to continue increasing, along with improving operating margin and bottom line for the rest of 2023.
The steps taken position BEST Global for sustainable growth and profitability in the near future.
Negative
- BEST Global experienced a decrease in revenue by 0.7% year-over-year, primarily due to a decrease in volume in Thailand. Its gross margin percentage also decreased by 5.5 percentage points year-over-year, reaching negative 20.2% in Q2.
- Despite the overall positive results, BEST Global continued to report a negative adjusted EBITDA of RMB100 million in Q2, reflecting ongoing challenges in profitability compared to the same period last year.
