ZTO - ZTO Express: Expecting In-Line Fourth Quarter Results
2024-02-19 00:27:30 ET
Summary
- ZTO Express' revenue growth is expected to accelerate in Q4 2023, taking into account industry volume growth numbers and the company's market share data disclosures.
- ZTO's pace of earnings expansion is likely to be slower for the fourth quarter, considering both pricing pressure and a reduced potential for meaningful cost improvement.
- I anticipate that the Company's results to be released next month will be in line with consensus; I stick to my existing Hold rating, as I don't expect any positive surprises.
Elevator Pitch
ZTO Express (Cayman) Inc. ( ZTO ) [2057:HK] shares are awarded a Hold rating. Previously, I touched on the major industry-specific and company-specific factors that could influence ZTO's financial results and share price performance in my October 17, 2023 update ....
ZTO Express: Expecting In-Line Fourth Quarter Results