Vnet Group Inc Expected To Post A Loss Of Cny1.62 A Share: Earnings Preview

VNET

15/03/2024 11:13

* VNET Group Inc  VNET.OQ   VNET.O  is expected to show a
rise in
quarterly revenue when it reports  results on March 27 for the
period ending December 31 2023
    * The Beijing-based  company is expected to report a
7.3% increase
in revenue to CNY2.017 billion from CNY1.88 billion a year ago,
according to the estimate from one analyst, based on LSEG
data. (Consensus for SAL is based on Net Revenue)
    * ​LSEG's mean analyst estimate for VNET Group Inc is for a
loss
of CNY1.62 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for VNET Group
Inc is
$3.85​, above​ its last closing price of $1.93. ​​​

Previous quarterly performance (using preferred earnings measure
in Chinese yuan renminbi). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.67       -0.51      -0.28     Beat    44.7
 Jun. 30 2023  -0.40       -0.38      -1.56     Missed  -305.8
 Mar. 31 2023  -0.64       -0.63      0.42      Beat    166.5​
 Dec. 31 2022  -3.07       -3.07      -0.42     Beat    86.3
 ​​Sep.        -0.54       -0.58      -2.88     Missed  -396.6
 30 2022                                                
 Jun. 30 2022  -0.37       -0.36      -2.58     Missed  -616.7
                                                        ​
 Mar. 31 2022  0.01        0.00       0.18      Beat    3,700
 Dec. 31 2021  -1.54       -1.41      -0.18     Beat    87.3
 This summary was machine generated March 15 at 11:13 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)