ZTO Express to report Q4 and annual financial results

SHANGHAI – ZTO Express (NYSE:) (Cayman) Inc. (NYSE: ZTO and SEHK: 2057), a prominent express delivery company in China, is set to disclose its unaudited financial figures for the fourth quarter and the fiscal year that concluded on December 31, 2023. The announcement is scheduled for after the U.S. market closes on March 19, 2024.

The company plans to conduct an earnings conference call at 8:30 P.M. U.S. Eastern Time on March 19, 2024, which will correspond to 8:30 A.M. Beijing Time on March 20, 2024. This call will provide investors and analysts with an opportunity to hear management discuss the financial results in detail.

ZTO operates a network partner model, which it believes effectively supports the surge of e-commerce within China. This model allows the company to manage the crucial line-haul transportation and sorting segments of the delivery chain, while network partners handle pickup and last-mile delivery tasks.

The upcoming earnings call and financial results are anticipated to shed light on the company’s performance and strategic initiatives over the past quarter and the entire fiscal year. Interested parties can access a replay of the conference call until March 26, 2024, by using the provided dial-in details and passcode.

In addition to the call, ZTO will also offer a live and archived webcast on its investor relations website, ensuring that stakeholders who cannot participate in the live event can review the proceedings at their convenience.

This announcement is based on a press release statement from ZTO Express (Cayman) Inc. Investors and those following the company’s progress can look forward to gaining insights into ZTO’s financial health and operational achievements during the reported period.

InvestingPro Insights

As ZTO Express (Cayman) Inc. prepares to unveil its financial results, investors are looking at various indicators to gauge the company’s standing. According to real-time data from InvestingPro, ZTO boasts a market capitalization of $13.26 billion, with a P/E ratio of 14.24, reflecting a valuation that may attract those seeking reasonable earnings multiples. The adjusted P/E ratio for the last twelve months as of Q3 2023 stands even lower at 10.76, suggesting a potentially undervalued stock in comparison to its near-term earnings growth. Moreover, with a PEG ratio of 0.33 during the same period, the company shows signs of growth at a rate that could be considered a bargain relative to its earnings trajectory.

InvestingPro Tips spotlight that ZTO is trading at a low earnings multiple, which could be compelling for value investors, and it’s a prominent player in the Air Freight & Logistics industry. These factors are particularly relevant as the company navigates the post-pandemic e-commerce landscape. Additionally, the stock is currently trading near its 52-week low, which might represent an attractive entry point for long-term investors.

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