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Vnet Group Inc Reports Results For The Quarter Ended December 31: Earnings Summary

VNET Group Inc VNET.OQ reported a quarterly adjusted loss of 6 fen​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of CNY-15.88.  The mean expectation of five analysts for the quarter was for earnings of 15 fen per share. Wall Street expected results to range from -2 fen to 32 fen per share.

Revenue rose 18.3% to CNY2.25 billion from a year ago; analysts expected CNY2.08 billion.

VNET Group Inc's reported EPS for the quarter was a loss of 6 fen​.

The company reported a quarterly loss of CNY11.1 million.

VNET Group Inc shares had risen by 151.3% this quarter.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 9.1% in the last three months.​

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

The average consensus recommendation for the it services & consulting peer group is also "buy"

Wall Street's median 12-month price target for VNET Group Inc is $15.05

This summary was machine generated from LSEG data March 12 at 01:30 p.m. UTC. ​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)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Dec. 31 20240.15-0.06Missed
Sep. 30 20240.020.16Beat
Jun. 30 2024-0.420.24Beat
Mar. 31 2024-0.14-0.72Missed

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