|Bid||3.9120 x 83800|
|Ask||3.9560 x 50000|
|Day's Range||3.8940 - 3.9460|
|52 Week Range||3.8020 - 6.6550|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Belgian postal operator Bpost on Thursday reported quarterly core profit slightly above estimates, but did not provide new guidance for 2023, although interim CEO Philippe Dartienne said the previous targets remain valid "from an operational standpoint". The company withdrew its previous targets last month following a compliance review of its services with the Belgian State. Brokerage KBC Securities downgraded its rating on the company shares earlier this week to "reduce" from "buy" after the Belgium government said it would investigate its contracts with Bpost.
The Belgian government will launch an investigation into its contracts with postal operator Bpost, a minister said on Wednesday, after the company said it may have been overpaid for the work. Following a compliance review of its services, Bpost said on Monday it may have been overpaid for the contracts over several years and withdrew its full-year financial guidance. A spokesperson for Bpost declined to comment on the government investigation, but said it would cooperate while continuing its own investigations.
"The review has been extended to the current concession for the distribution of newspapers and periodicals in Belgium, which revealed elements that may indicate potential violations of applicable laws," the group said in a statement. Bpost had communicated about it on Oct. 24. The firm, whose shares were suspended earlier on Friday, added that the board and Chief Executive Officer Dirk Tirez had decided to "mutually terminate their collaboration", as well as with two other persons - which Bpost did not name.
In the latest trading session, bpost (BPOSY) closed at $5.50, marking no change from the previous day.
Bpost (BPOSY) closed at $5.59 in the latest trading session, marking a -1.93% move from the prior day.
Bpost (BPOSY) closed at $5.15 in the latest trading session, marking a -1.9% move from the prior day.
In the latest trading session, bpost (BPOSY) closed at $4.85, marking no change from the previous day.
Infosys (INFY) is going to provide cloud security solutions to Belgium's postal service operator, Bpost, through its Cyber Next platform, which will incorporate Palo Alto's Cortex XSOAR solution.
bpost (BPOSY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Q2 2022 Bpost SA Earnings Call
Belgian postal operator Bpost on Thursday reported a 22.5% drop in its second-quarter earnings which beat its guidance set out in February and it now sees less risk from "continued market disruptions". The Belgian mail, parcel and e-commerce logistics company, posted adjusted earnings before interest and taxes (EBIT) of 82.6 million euros in the second quarter, a lesser decline than that expected by analysts who had forecast an adjusted EBIT of 70.4 million euros. The company reported resilient mail revenues and growth at its Radial North America business.