ZTO Express (Cayman) Inc reports results for the quarter ended in June - Earnings Summary

ZTO Express (Cayman)

21/08/2024 04:40

* ZTO Express (Cayman) Inc  2057.HK  reported quarterly
adjusted
earnings of CNY4.31​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of CNY3.07.  The lone analyst forecast for the
quarter was for earnings of CNY3.20 per share. 
    * Revenue rose 10.1% to $10.73 billion from a year ago;
analysts
expected CNY10.86 billion. 
    * The company reported quarterly net income of CNY2.61
billion.
    * ZTO Express (Cayman) Inc shares had fallen by 3.3% this
quarter and lost 2.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 15 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the courier,
postal,
air freight & land-based logistics peer group is also "strong
buy"

Wall Street's median 12-month price target for ZTO Express
(Cayman) Inc is HK$237.00 
This summary was machine generated from LSEG data August 21 at
03:40 a.m. UTC. ​All figures in Chinese yuan renminbi unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      3.20           4.31           Beat
 Mar. 31 2024      2.42           1.75           Missed
 Dec. 31 2023      2.62           2.66           Beat
 Sep. 30 2023      2.63           2.84           Beat