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

VNET

27/03/2024 22:34

* VNET Group Inc  VNET.OQ  reported a quarterly adjusted
loss of
CNY15.88​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of -42 fen.  The mean expectation of two analysts for the
quarter was for a loss of CNY1.29 per share. Wall Street
expected results 
    * Revenue rose 0.9% to CNY1.90 billion from a year ago;
analysts
expected CNY2.02 billion. 
    * VNET Group Inc shares had fallen by 43.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * Wall Street's median 12-month price target for VNET Group
Inc is
$3.50 

This summary was machine generated from LSEG data March 27 at
10:34 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 ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -1.29          -15.88         Missed
 Sep. 30 2023      -0.51          -0.28          Beat
 Jun. 30 2023      -0.38          -1.56          Missed
 Mar. 31 2023      -0.63          0.42           Beat