ZTO Express (ZTO) Reports In-Line Q3 EPS, Beats on Revenues

ZTO Express (NYSE: ZTO) reported Q3 EPS of $0.15, in-line with the analyst estimate of $0.15. Revenue for the quarter came in at $472.4 million versus the consensus estimate of $454.89 million.

Third Quarter 2017 Financial Highlights

• Revenues were RMB3,143.1 million (US$472.4 million), an increase of 33.6% from the same period of 2016, exceeding the higher end of the Company\'s guidance of RMB3.0 billion for the third quarter of 2017.
• Gross profit was RMB1,137.8 million (US$171.0 million), an increase of 33.5% from RMB852.5 million in the same period of 2016.
• Net income was RMB717.2 million (US$107.8 million), an increase of 31.1% from RMB547.2 million in the same period of 2016.
• Adjusted EBITDA2 was RMB1,118.1 million (US$168.1 million), an increase of 34.2% from RMB833.1 million in the same period of 2016.
• Adjusted net income3 was RMB730.7 million (US$109.8million), an increase of 33.5% from RMB547.4 million in the same period of 2016.
• Basic and diluted earnings per American depositary share ("ADS"4) were RMB1.00 (US$0.15), an increase of 28.2% from RMB0.78 in the same period of 2016.
• Net cash provided by operating activities was RMB1,024.4 million (US$154.0 million), compared with RMB846.9 million in the same period of 2016.

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

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