Vnet Group, Inc. Reports Results For The Quarter Ended June 30: Earnings Summary
VNET Group, Inc. reports results for the quarter ended June 30 - Earnings Summary
VNET Group, Inc. VNET.OQ reported a quarterly adjusted loss of 54 fen per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -6 fen. The mean expectation of six analysts for the quarter was for earnings of CNY1.25 per share. Wall Street expected results to range from -41 fen to CNY8.36 per share.
Revenue rose 14.2% to CNY2.78 billion from a year ago; analysts expected CNY2.74 billion.
VNET Group, Inc.'s reported EPS for the quarter was a loss of 54 fen.
The company reported a quarterly loss of CNY135.6 million.
VNET Group, Inc. shares had fallen by 1.5% this quarter and lost 6.4% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 574.7% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"
Wall Street's median 12-month price target for VNET Group, Inc. is $15.10, about 47.5% above its last closing price of $7.92
This summary was machine generated from LSEG data August 18 at 01:31 p.m. UTC. All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 1.25 | -0.54 | Missed |
Mar. 31 2026 | -0.24 | -8.16 | Missed |
Dec. 31 2025 | -0.51 | 1.02 | Beat |
Sep. 30 2025 | -0.28 | -1.14 | Missed |
Recent news on VNET
See all newsVnet Group, Inc. Reports Results For The Quarter Ended June 30: Earnings Summary
China's VNET Q2 revenue rises on wholesale growth; signs compute-energy deal with CATL
Vnet Group, Inc. Expected To Post Earnings Of Cny1.25 A Share: Earnings Preview
Vnet Group Inc Reports Results For The Quarter Ended March 31: Earnings Summary
China's VNET Group Q1 revenue rises 19.8%, net loss widens