Vnet Group Inc Reports Results For The Quarter Ended September 30: Earnings Summary

VNET

20/11/2024 22:01

* VNET Group Inc  VNET.OQ  reported quarterly adjusted
earnings of
16 fen​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -28 fen.  The mean expectation of five analysts for the
quarter was for earnings of 2 fen per share. Wall Street
expected results to range from -40 fen to 24 fen per share.
    * Revenue rose 12.4% to CNY2.12 billion from a year ago;
analysts
expected CNY2.01 billion. 
    * VNET Group Inc's reported EPS for the quarter was 30 fen​.
    * The company reported quarterly net income of CNY317.63
million.
    * VNET Group Inc shares had fallen by 9.3% this quarter and
gained 28.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 103.7%
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 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for VNET Group
Inc is
$4.90 

This summary was machine generated from LSEG data November 20 at
10:00 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
 Sep. 30 2024      0.02           0.16           Beat
 Jun. 30 2024      -0.42          0.24           Beat
 Mar. 31 2024      -0.14          -0.72          Missed
 Dec. 31 2023      -1.29          -15.88         Missed