bearish
ZTO Express Q1 Results Surprise: Despite Lower Pricing, Margins Up Y/Y | Mgmt Raises Volume Guidance
432 Views18 May 2023 09:56
ZTO's Q1 results showed strong volume growth, but also weaker unit pricing and a lack of control over SG&A expenses. We retain our negative view on the stock as it heads toward tougher comps.
SUMMARY
(Sign Up to Access)Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 2-minute read)
Discussions
(Paid Plans Only)
Rising
Tracking Traffic
Asian Equities Analyst, Logistics & Transport
Price Chart(Sign Up to Access)
- The Curious Case of $60M of Bogus US Postage or 'How Can They Can Make Money Exporting $5 Shirts?!'13 Jun 2023
- Monthly Express Tracker | Prices Continue to Slide | Volume Pops | (May 2023)24 May 2023
- Chinese Express Consolidation? Lesser Players Battered for Years, But Still No Knockout Punch22 May 2023
- TRACKING TRAFFIC/Chinese Express: Volume Up Versus Weak Comp | Prices Down | Yunda Lags Group24 Apr 2023
- TRACKING TRAFFIC: Chinese Express / No Signs of a Sharp Recovery in Jan-Feb Data20 Mar 2023
- ZTO Express Q4/2022 Results & Guidance: Moderate Growth in '23, but Also Obstacles16 Mar 2023
x