ZTO Express (ZTO) Tops Q1 EPS by 21c; offers guidance

ZTO Express (NYSE: ZTO) reported Q1 EPS of RMB2.68, RMB0.21 better than the analyst estimate of RMB2.47. Revenue for the quarter came in at RMB9.96 billion versus the consensus estimate of RMB9.34 billion.

OUTLOOK

Based on current market conditions and current operations, the Company reiterates that its parcel volume for 2024 is expected to be in the range of 34.73 billion to 35.64 billion, representing a 15% to 18% increase year over year. Such 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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