Vnet Group Inc Reports Results For The Quarter Ended March 31: Earnings Summary

VNET

28/05/2025 14:32

VNET Group Inc VNET.OQ reported a quarterly adjusted loss of 90 fen​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -72 fen.  The mean expectation of four analysts for the quarter was for a loss of 11 fen per share. Wall Street expected results to range from -29 fen to 6 fen per share.

Revenue rose 18.3% to CNY2.25 billion from a year ago; analysts expected CNY2.22 billion.

VNET Group Inc's reported EPS for the quarter was a loss of 90 fen​.

The company reported a quarterly loss of CNY237.56 million.

VNET Group Inc shares had fallen by 26.3% this quarter and gained 27.4% so far this year.

FORECAST CHANGES

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "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 $13.00

This summary was machine generated from LSEG data May 28 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
Mar. 31 2025
-0.11
-0.90
Missed
Dec. 31 2024
0.15
-0.06
Missed
Sep. 30 2024
0.02
0.16
Beat
Jun. 30 2024
-0.42
0.24
Beat