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

VNET

24/05/2023 22:40

* VNET Group Inc  VNET.OQ  reported quarterly adjusted
earnings of
42 fen​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for a loss
of 63 fen per share.
    * Revenue rose 9.7% to CNY1.81 billion from a year ago;
analysts
expected CNY1.79 billion. 
    * VNET Group Inc's reported EPS for the quarter was 42 fen​.
    * The mean earnings estimate of analysts had fallen by
about 125.6% in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * VNET Group Inc shares had fallen by 14.8% this quarter and
lost 51.3% so far this year.
    * The company reported quarterly net income of CNY82.29
million.
    * Wall Street's median 12-month price target for VNET Group
Inc is
$5.35 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
24 at 09:40 p.m. UTC. ​All figures in Chinese yuan renminbi
unless otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.36          -2.58          Missed