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

VNET

23/08/2023 22:43

* VNET Group Inc  VNET.OQ  reported a quarterly adjusted
loss of
CNY1.56​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss
of 38 fen per share.
    * Revenue rose 5.6% to CNY1.82 billion from a year ago;
analysts
expected CNY1.88 billion. 
    * VNET Group Inc's reported EPS for the quarter was a loss
of
CNY1.56​.
    * The mean earnings estimate of analysts had risen by
about 40.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * VNET Group Inc shares had risen by 3.8% this quarter and
lost 46.9% so far this year.
    * The company reported a quarterly loss of CNY232.88
million.
    * Wall Street's median 12-month price target for VNET Group
Inc is
$4.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 23 at 09:43 p.m. UTC. ​All figures in Chinese yuan
renminbi unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.38          -1.56          Missed
 Mar. 31 2023      -0.63          0.42           Beat
 Dec. 31 2022      -3.07          -0.42          Beat
 Sep. 30 2022      -0.58          -2.88          Missed