ZTO Express (Cayman) Q2 EPS $0.47 Beats $0.45 Estimate, Sales $1.48B Miss $1.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
ZTO Express (Cayman) reported Q2 earnings per share of $0.47, beating the estimate of $0.45, marking an 11.9% increase from last year. However, sales of $1.48 billion slightly missed the estimate, despite a 9.9% increase from the previous year.
August 21, 2024 | 5:24 am
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ZTO Express reported Q2 EPS of $0.47, surpassing the $0.45 estimate, with a 11.9% YoY increase. Sales were $1.48B, slightly below the estimate, but up 9.9% YoY.
The positive earnings surprise with a 4.44% beat on EPS is a positive indicator, but the slight miss on sales estimates could neutralize the impact. The YoY growth in both earnings and sales is a positive sign, but the market may react cautiously due to the sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100