Vnet Group Inc Expected To Post A Loss Of 14 Fen A Share: Earnings Preview

VNET

20/05/2024 12:22

* VNET Group Inc  VNET.OQ   VNET.O  is expected to show a
rise in
quarterly revenue when it reports  results on May 22 (estimated)
for the period ending March 31 2024
    * The Beijing-based  company is expected to report a
5.5% increase
in revenue to CNY1.905 billion from CNY1.81 billion a year ago,
according to the mean estimate from 2 analysts, based on LSEG
data.
    * ​LSEG's mean analyst estimate for VNET Group Inc is for a
loss
of 14 fen per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 20.5%
in the last three months. ​
    * Wall Street's median 12-month price target for VNET Group
Inc is
$2.80​, above​ its last closing price of $2.05. ​​​

This summary was machine generated May 20 at 11:22 GMT.  All
figures in Chinese yuan renminbi 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)