ZTO Express (ZTO) Tops Q2 EPS by 26c; reaffirms outlook

ZTO Express (NYSE: ZTO) reported Q2 EPS of RMB3.38, RMB0.26 better than the analyst estimate of RMB3.12. Revenue for the quarter came in at RMB10.73 billion versus the consensus estimate of RMB10.67 billion.

OUTLOOK

Based on current market and operating conditions, the Company maintains its previously stated annual guidance. Parcel volume for 2024 is expected to be in the range of RMB34.73 billion to RMB35.64 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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