VEON Ltd VEON.OQ reported quarterly adjusted earnings of 76 cents per share for the quarter ended June 30. The lone analyst forecast for the quarter was for earnings of 95 cents per share.
Revenue rose 5.9% to $1.09 billion from a year ago; analysts expected $1.02 billion.
VEON Ltd's reported EPS for the quarter was $8.30.
The company reported quarterly net income of $596 million.
VEON Ltd shares had risen by 13.6% this quarter and gained 30.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 8.7% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the wireless telecommunications services peer group is also "buy"
Wall Street's median 12-month price target for VEON Ltd is $62.00, about 15.6% above its last closing price of $52.35
This summary was machine generated from LSEG data August 7 at 05:42 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)