ZTO Express (ZTO) Reports In-Line Q3 EPS

ZTO Express (NYSE: ZTO) reported Q3 EPS of $0.23, in-line with the analyst estimate of $0.23. Revenue for the quarter came in at $977.8 million versus the consensus estimate of $949.84 million.

Business Outlook:

The Company makes no changes to its previously stated annual guidance: parcel volume for 2020 is expected to be in the range of 16.2 billion to 17.0 billion, representing a 33.7% to 40.3% increase year over year, and the Company's adjusted net income is expected to be in the range of RMB4.8 billion to RMB5.2 billion, representing a 1.7% to 9.3% decrease year over year. These above estimates are based on management's current and preliminary view and subject to change.

For earnings history and earnings-related data on ZTO Express (ZTO) click here.

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