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

VNET

22/11/2022 22:01

* VNET Group Inc  VNET.OQ  reported a quarterly adjusted
loss of
CNY2.88​​ per share for the quarter ended in September. The mean
expectation of four analysts for the quarter was for a loss
of 58 fen per share.
    * Revenue rose 16.3% to CNY1.81 billion from a year ago;
analysts
expected CNY1.82 billion. 
    * VNET Group Inc's reported EPS for the quarter was a loss
of
CNY2.88​.
    * The mean earnings estimate of analysts had fallen by
about 3,966.7% in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * VNET Group Inc shares had fallen by 4.5% this quarter and
lost 41.9% so far this year.
    * The company reported a quarterly loss of CNY425.21
million.
    * Wall Street's median 12-month price target for VNET Group
Inc is
$7.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
22 at 10:01 p.m.  ​All figures in Chinese yuan renminbi unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.58          -2.88          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