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

VNET

24/05/2022 22:58

* VNET Group Inc  VNET.OQ  reported quarterly adjusted
earnings of
18 fen​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for breakeven
results per share.
    * Revenue rose 18.6% to CNY1.65 billion from a year ago; 
analysts
expected CNY1.76 billion. 
    * VNET Group Inc's reported EPS for the quarter was 18 fen​.
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * VNET Group Inc shares had fallen by 6.2% this quarter and
lost 39.4% so far this year.
    * The company reported quarterly net income of CNY90.71
million.
    * Wall Street's median 12-month price target for VNET Group
Inc is
$12.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated May 24 at 09:57 p.m.  ​All
figures in Chinese yuan renminbi unless otherwise stated