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

VNET

21/03/2023 21:37

* VNET Group Inc  VNET.OQ  reported a quarterly adjusted
loss
of 42 fen​​ per share for the quarter ended in December. The
mean expectation of four analysts for the quarter was for a loss
of CNY3.07 per share.
    * Revenue rose 7.7% to CNY1.88 billion from a year ago;
analysts
expected CNY1.96 billion. 
    * The mean earnings estimate of analysts had fallen by
about 40.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * VNET Group Inc shares had fallen by 45.9% this quarter.
    * Wall Street's median 12-month price target for VNET Group
Inc is
$6.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 21 at 09:36 p.m. UTC. ​All figures in Chinese yuan
renminbi unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -3.07          -0.42          Beat
 Sep. 30 2022      -0.58          -2.88          Missed
 Jun. 30 2022      -0.36          -2.58          Missed
 Mar. 31 2022      0.00           0.18           Beat