* ZTO Express (Cayman) Inc 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
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