ZTO Express (Cayman) (NYSE:ZTO) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN￥10.7b (up 18% from 3Q 2023).

• Net income: CN￥2.40b (up 2.2% from 3Q 2023).

• Profit margin: 22% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses.

• EPS: CN￥2.98 (up from CN￥2.91 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ZTO Express (Cayman) Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.8%.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Logistics industry in the US.

Performance of the American Logistics industry.

The company's shares are down 3.8% from a week ago.

Valuation

Following the latest earnings results, ZTO Express (Cayman) may be undervalued based on 6 different valuation benchmarks we assess. Discover what analysts are forecasting and how the current share price shapes up by clicking here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.