ZTO Express Beats Expectations and Provides FY24 Outlook

Wednesday, 20 March 2024, 04:48

ZTO Express has surpassed both revenue and earnings estimates in Q4, with Non-GAAP EPADS of $0.38 exceeding expectations by $0.03. The revenue of $1.5 billion, up by 7.6% year-over-year and surpassing estimates by $170 million. Adjusted EBITDA reached $514.3 million, marking a 7.5% increase from the previous period. The company has also initiated its forecast for FY24, showing positive prospects for the future.

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ZTO Express Earnings Results:

Non-GAAP EPADS of $0.38 (exceeds by $0.03)
Revenue of $1.5B (+7.6% Y/Y, exceeds by $170M)
Adjusted EBITDA $514.3 million (+7.5%)

The ZTO Express press release revealed impressive financial performance in Q4, with clear wins in revenue and earnings. The company is set to embark on a positive trajectory for FY24, according to the forecasts disclosed.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

ZTO Express Earnings Results:

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