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

VNET

30/08/2022 22:01

* VNET Group Inc  VNET.OQ  reported a quarterly adjusted
loss of
CNY2.58​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for a loss
of 36 fen per share.
    * Revenue rose 15.2% to CNY1.72 billion from a year ago;
analysts
expected CNY1.71 billion. 
    * VNET Group Inc's reported EPS for the quarter was a loss
of
CNY2.58​.
    * The mean earnings estimate of analysts had risen by
about 12.2%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * VNET Group Inc shares had fallen by 18.0% this quarter and
lost 45.2% so far this year.
    * The company reported a quarterly loss of CNY377.2 million.
    * Wall Street's median 12-month price target for VNET Group
Inc is
$9.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 30
at 09:01 p.m.  ​All figures in Chinese yuan renminbi unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.36          -2.58          Missed
 Mar. 31 2022      0.00           0.18           Beat
 Dec. 31 2021      -1.41          -0.18          Beat
 Sep. 30 2021      -0.37          1.08           Beat