We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ZTO Express (ZTO) Q4 Earnings Beat, Surge More Than 40% Y/Y
Read MoreHide Full Article
ZTO Express’ (ZTO - Free Report) fourth-quarter 2021 earnings of 34 cents per share surpassed the Zacks Consensus Estimate of 30 cents. The bottom line surged more than 40% year over year due to reduction in operating expenses. Following this earnings beat, shares of the company gained 2.7% in after-market trading on Mar 16.
Total revenues of $1,446.4 million increased in double digits year over year owing to rise in revenues at the core express delivery services unit (contributing 91.4% to the top line).
Detailed Operational Statistics
Revenues in Express delivery services jumped 15.7% year over year due to 17.2% increase in parcel volume and 1.3% decrease in parcel unit price. Parcel volume market share was 20.6% in the reported quarter.
ZTO Express Cayman Inc. Price, Consensus and EPS Surprise
Freight forwarding services’ revenues declined 38.9% year over year with cross-border e-commerce demand and pricing returning to a normal level post recovery from the pandemic. However, revenues from the sale of accessories inched up 4.7% year over year.
Total operating expenses of this China-based company declined 32.5% year over year to RMB196.9 million. Selling, general and administrative expenses rose 13.1%, with increase in compensation and benefits, and in office expenditures.
Gross margin deteriorated to 21.7% in the fourth quarter from 23.1% in the year-ago period. As of Dec 31, 2021, ZTO Express repurchased 36.07 million ADSs at an average purchase price of $25.21.
Liquidity
ZTO Express, carrying a Zacks Rank #4 (Sell), exited the fourth quarter with cash and cash equivalents of RMB 9.72 billion compared with RMB 14.21 billion at the end of December 2020.
Outlook
ZTO Express expects parcel volumes in the range of 26.30-27.64 billion for 2022, indicating a rise of 18-24% year over year.
Special Dividend
ZTO Express’ board approved a special dividend of 25 cents per ADS and share, payable to shareholders of class A ordinary shares on Apr 22 and holders of ADSs on Apr 27, of record as of Apr 8.
Sectorial Snapshots
Let’s glance through some other earnings reports from companies within the Zacks Transportation sector.
Gol Linhas Aereas Inteligentes , carrying a Zacks Rank #3 (Hold), incurred a loss (excluding $1.92 from non-recurring items) of 62 cents per share in the fourth quarter of 2021, wider than the Zacks Consensus Estimate of a loss of 41 cents. However, the amount of loss has narrowed year over year.
Gol Linhas’ net operating revenues of $523.7 million outperformed the consensus mark of $505.3 million. The top line surged significantly year over year, with passenger revenues (accounting for 96.1% of total revenues) rising 63.3%, thanks to continued recovery in air-travel demand in Brazil as vaccination rates increase.
Golar LNG Limited (GLNG - Free Report) , carrying a Zacks Rank #2 (Buy), reported fourth-quarter 2021 (excluding 16 cents from non-recurring items) of 22 cents per share, which surpassed the Zacks Consensus Estimate of 10 cents. The bottom line improved more than 100% year over year.
Golar LNG’s adjusted revenues of $115.4 million beat the Zacks Consensus Estimate of $114 million. The top line dipped 2.8% year over year, primarily due to 9.7% decline in Floating Liquefied Natural Gas (“FLNG”) revenues.
Expeditors International of Washington (EXPD - Free Report) , flaunting a Zacks Rank #1 (Strong Buy), reported fourth-quarter 2021 earnings of $2.66 per share, surpassing the Zacks Consensus Estimate of $2.02. The bottom line surged more than 100% year over year. Results benefited from higher airfreight tonnage volumes. You can see the complete list of today's Zacks #1 Rank stocks here.
Expeditors’ total revenues of $5,396.3 million outperformed the Zacks Consensus Estimate of $4,257 million and also increased significantly year over year. Higher revenues across all segments boosted the top line.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ZTO Express (ZTO) Q4 Earnings Beat, Surge More Than 40% Y/Y
ZTO Express’ (ZTO - Free Report) fourth-quarter 2021 earnings of 34 cents per share surpassed the Zacks Consensus Estimate of 30 cents. The bottom line surged more than 40% year over year due to reduction in operating expenses. Following this earnings beat, shares of the company gained 2.7% in after-market trading on Mar 16.
Total revenues of $1,446.4 million increased in double digits year over year owing to rise in revenues at the core express delivery services unit (contributing 91.4% to the top line).
Detailed Operational Statistics
Revenues in Express delivery services jumped 15.7% year over year due to 17.2% increase in parcel volume and 1.3% decrease in parcel unit price. Parcel volume market share was 20.6% in the reported quarter.
ZTO Express Cayman Inc. Price, Consensus and EPS Surprise
ZTO Express Cayman Inc. price-consensus-eps-surprise-chart | ZTO Express Cayman Inc. Quote
Freight forwarding services’ revenues declined 38.9% year over year with cross-border e-commerce demand and pricing returning to a normal level post recovery from the pandemic. However, revenues from the sale of accessories inched up 4.7% year over year.
Total operating expenses of this China-based company declined 32.5% year over year to RMB196.9 million. Selling, general and administrative expenses rose 13.1%, with increase in compensation and benefits, and in office expenditures.
Gross margin deteriorated to 21.7% in the fourth quarter from 23.1% in the year-ago period. As of Dec 31, 2021, ZTO Express repurchased 36.07 million ADSs at an average purchase price of $25.21.
Liquidity
ZTO Express, carrying a Zacks Rank #4 (Sell), exited the fourth quarter with cash and cash equivalents of RMB 9.72 billion compared with RMB 14.21 billion at the end of December 2020.
Outlook
ZTO Express expects parcel volumes in the range of 26.30-27.64 billion for 2022, indicating a rise of 18-24% year over year.
Special Dividend
ZTO Express’ board approved a special dividend of 25 cents per ADS and share, payable to shareholders of class A ordinary shares on Apr 22 and holders of ADSs on Apr 27, of record as of Apr 8.
Sectorial Snapshots
Let’s glance through some other earnings reports from companies within the Zacks Transportation sector.
Gol Linhas Aereas Inteligentes , carrying a Zacks Rank #3 (Hold), incurred a loss (excluding $1.92 from non-recurring items) of 62 cents per share in the fourth quarter of 2021, wider than the Zacks Consensus Estimate of a loss of 41 cents. However, the amount of loss has narrowed year over year.
Gol Linhas’ net operating revenues of $523.7 million outperformed the consensus mark of $505.3 million. The top line surged significantly year over year, with passenger revenues (accounting for 96.1% of total revenues) rising 63.3%, thanks to continued recovery in air-travel demand in Brazil as vaccination rates increase.
Golar LNG Limited (GLNG - Free Report) , carrying a Zacks Rank #2 (Buy), reported fourth-quarter 2021 (excluding 16 cents from non-recurring items) of 22 cents per share, which surpassed the Zacks Consensus Estimate of 10 cents. The bottom line improved more than 100% year over year.
Golar LNG’s adjusted revenues of $115.4 million beat the Zacks Consensus Estimate of $114 million. The top line dipped 2.8% year over year, primarily due to 9.7% decline in Floating Liquefied Natural Gas (“FLNG”) revenues.
Expeditors International of Washington (EXPD - Free Report) , flaunting a Zacks Rank #1 (Strong Buy), reported fourth-quarter 2021 earnings of $2.66 per share, surpassing the Zacks Consensus Estimate of $2.02. The bottom line surged more than 100% year over year. Results benefited from higher airfreight tonnage volumes. You can see the complete list of today's Zacks #1 Rank stocks here.
Expeditors’ total revenues of $5,396.3 million outperformed the Zacks Consensus Estimate of $4,257 million and also increased significantly year over year. Higher revenues across all segments boosted the top line.