ZTO Express (ZTO) Tops Q3 EPS by 7c; offers outlook

ZTO Express (NYSE: ZTO) reported Q3 EPS of RMB2.91, RMB0.07 better than the analyst estimate of RMB2.84. Revenue for the quarter came in at RMB10.68 billion versus the consensus estimate of RMB10.39 billion.

BUSINESS OUTLOOK

Based on current market and operating conditions, the company revises its previously stated annual guidance. Parcel volume for 2024 is expected to be in the range of 33.7 billion to 33.9 billion, representing a 11.6% to 12.3% increase year over year.

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

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