ZTO Express Q3 Earnings & Revenues Improve Y/Y, 2024 View Lowered

Zacks11-20

ZTO Express’ ZTO third-quarter 2024 earnings of 41 cents per share improved year over year. Find the latest EPS estimates and surprises on ZacksEarnings Calendar. Total revenues of $1.52 billion ...

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KA revenues, including delivery fees from direct sales organizations established to serve core express KA customers, increased 122.1% as the proportion of higher-valued parcels, such as returned parcels from e-commerce platforms, continued to increase.Revenues from freight forwarding services grew 0.8% year over year.Revenues from sales of accessories, largely consisting of sales of thermal paper used for digital waybills' printing, climbed 27.6% year over year. Other revenues were mainly derived from financing services.ZTO Express  Inc. Price, Consensus and EPS Surprise. JBHT’s total operating revenues of $3.07 billionsu","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ZTO":"中通快递"},"translate_title":"中通快递2024年第三季度盈利和收入同比改善观点下调","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZTO":1},"content_text":"ZTO Express’ ZTO third-quarter 2024 earnings of 41 cents per share improved year over year.\nFind the latest EPS estimates and surprises on ZacksEarnings Calendar.\nTotal revenues of $1.52 billion improved year over year.\nDetailed Operational Statistics\nRevenues from the core express delivery business improved 18.1% year over year, owing to 15.9% growth in parcel volume and a 1.8% increase in unit price. KA revenues, including delivery fees from direct sales organizations established to serve core express KA customers, increased 122.1% as the proportion of higher-valued parcels, such as returned parcels from e-commerce platforms, continued to increase.\nRevenues from freight forwarding services grew 0.8% year over year.\nRevenues from sales of accessories, largely consisting of sales of thermal paper used for digital waybills' printing, climbed 27.6% year over year. Other revenues were mainly derived from financing services.\n\nZTO Express (Cayman) Inc. Price, Consensus and EPS Surprise\n\nZTO Express (Cayman) Inc. price-consensus-eps-surprise-chart | ZTO Express (Cayman) Inc. Quote\n\nGross profit improved 23.2% from the year-ago reported quarter on the back of revenue growth and cost productivity gain. Gross margin rate improved to 31.2% from 29.8% in the year-ago period.\nTotal operating expenses were RMB493.0 million (US$70.3 million) compared with RMB282.8 million in the year-ago period.\nZTO Express exited the third quarter of 2024 with cash and cash equivalents of RMB11.70billion compared with RMB 10.54 billion at the end of the prior quarter.\nZTO’s 2024 Guidance\nZTO Express updates its 2024 parcel volume guidance in the range of 33.7 billion-33.9 billion. The updated guidance represents an increase of 11.6-12.3% year over year.\nPreviously, ZTO expected 2024 parcel volumes in the range of 34.73-35.64 billion. The guidance represents an increase of 15%-18% year over year.\nZTO’s Zacks Rank\nCurrently, ZTO Express carries a Zacks Rank #4 (Sell).\nYou can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nPerformances of Other Transportation Companies\nDelta Air Lines DALreported third-quarter 2024 earnings (excluding 47 cents from non-recurring items) of $1.50 per share, which fell short of the Zacks Consensus Estimate of $1.56. Earnings decreased 26.11% on a year-over-year basis due to high labor costs.\nDAL’s revenues of $15.68 billion surpassed the Zacks Consensus Estimate of $15.37 billion and increased 1.2% on a year-over-year basis, driven by strong air travel demand. Adjusted operating revenues (excluding third-party refinery sales) totaled $14.59 billion, flat year over year.\nJ.B. Hunt Transport Services, Inc.’sJBHT third-quarter 2024 earnings of $1.49 per share outpaced the Zacks Consensus Estimate of $1.42 but declined 17.2% year over year.\nJBHT’s total operating revenues of $3.07 billionsurpassed the Zacks Consensus Estimate of $3.04 billion but fell 3% year over year. The downfall was caused by 5% and 6% decreases in gross revenue per load in Intermodal (JBI) and Truckload, respectively; declines in load volume of 10% and 6% in Integrated Capacity Solutions (ICS) and Dedicated Contract Services, respectively; and 6% fewer stops in Final Mile Services. These were partially offset by JBI load growth of 5%, which included growth in the transcontinental and eastern networks and a 3% increase in revenue per load in ICS. JBHT’s total operating revenues, excluding fuel surcharge revenues, decreased less than 1% from the year-ago quarter.\nUnited Airlines Holdings, Inc. UAL posted third-quarter 2024 EPS (excluding 43 cents from non-recurring items) of $3.33, which surpassed the Zacks Consensus Estimate of $3.10. Earnings decreased 8.8% on a year-over-year basis.\nUAL’s operating revenues of $14.84 billion beat the Zacks Consensus Estimate of $14.76 billion. The top line increased 2.5% year over year due to upbeat air travel demand. This was driven by a 1.6% rise in passenger revenues (accounting for 91.3% of the top line) to $13.56 billion. Almost 45,559 passengers traveled on UAL flights in the third quarter, up 2.7% year over year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nDelta Air Lines, Inc. (DAL) : Free Stock Analysis Report\nUnited Airlines Holdings Inc (UAL) : Free Stock Analysis Report\nJ.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report\nZTO Express (Cayman) Inc. (ZTO) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485407511"}