ZTO Express stock weighs earnings beat against lower target

Published on 09/28/2026 at 22:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ZTO stock reported USD 2.14 billion in Q2 revenue, up 23.00 percent year over year. JPMorgan cut its target to USD 22.00.

ZTO, US98887Q1040, Illustration mit AI erstellt.

ZTO Express stock (ISIN US98887Q1040) last traded at USD 19.68 on the NYSE on September 28, 2026, after the company delivered a mixed second-quarter picture. Revenue growth and earnings above consensus supported the operating case, while a lower analyst target highlighted pressure on valuation.

Revenue grows to USD 2.14 billion

According to Yahoo Finance on September 17, 2026, ZTO reported USD 2.14 billion in second-quarter 2026 revenue, up 23.00 percent from the year-ago quarter. Core express delivery revenue also increased 23.00 percent, supported by 6.50 percent parcel-volume growth and a 15.50 percent increase in parcel unit price.

The same report said gross profit rose 26.80 percent year over year, while the gross margin improved to 25.70 percent from 24.90 percent. That combination gives investors a more useful signal than revenue alone because it shows operating leverage alongside expansion.

EPS beat meets a lower target

ZTO reported second-quarter EPS of USD 0.56 against consensus of USD 0.50, a USD 0.06 beat, according to MarketBeat. The earnings surprise therefore contrasts with the stock's weaker valuation backdrop and the company's revised parcel-volume outlook.

MarketBeat reported that JPMorgan Chase cut ZTO from Overweight to Neutral and reduced its price target from USD 29.00 to USD 22.00 in a research note dated September 3, 2026. The new target lies 11.88 percent above the USD 19.68 reference price, while the consensus target cited by MarketBeat was USD 26.05.

Buybacks add a second support

StockTitan reports that ZTO repurchased 497,311 ADSs on September 15, 2026, at USD 20.44 to USD 20.75 per ADS. The filing also identifies the New York Stock Exchange as the venue for that repurchase, keeping capital returns relevant even as analysts reassess growth assumptions.

USD 19.68 keeps the market cautious

ZTO stock last traded at USD 19.68 on the NYSE on September 28, 2026, after a previous close of USD 19.49. The operating figures provide support, but the USD 22.00 JPMorgan target and the USD 26.05 consensus target show how sharply expectations differ from the current quote.