ZTO Express (ZTO) Reports Q3 EPS of 20c

ZTO Express (NYSE: ZTO) reported Q3 EPS of $0.20. Revenue for the quarter came in at $616.6 million versus the consensus estimate of $611.99 million.

Guidance:

Based on the current market conditions and current operations, the Company's parcel volume for the fourth quarter of 2018 is expected to be in the range of 2,620 million to 2,660 million, representing a 30% to 32% increase year over year, and the Company's adjusted net income is expected to be in the range of RMB1.2 billion to RMB1.3 billion, representing a normalized 13.4% to 22.8% increase from the same period of 2017. Note that the adjusted net income for the fourth quarter of 2017 included a one-time full year income tax benefit of RMB285.9 million by one of the Company's subsidiaries that qualified for the 15% reduced HNTE tax rate from the 25% statutory rate in December 2017. Approximately RMB207.2 million of this tax benefit was attributed to the first three quarters of 2017. These estimates represent management's current and preliminary view, which are subject to change.

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

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