VNET Group (VNET) Expected to Announce Earnings on Wednesday

VNET Group (NASDAQ:VNET - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Wednesday, March 26th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $2.07 billion for the quarter. VNET Group has set its FY 2025 guidance at EPS.Parties interested in listening to the company's conference call can do so using this link.

VNET Group (NASDAQ:VNET - Get Free Report) last posted its quarterly earnings data on Wednesday, March 12th. The information technology services provider reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04). VNET Group had a negative net margin of 28.54% and a negative return on equity of 5.68%. The business had revenue of $307.75 million during the quarter, compared to analyst estimates of $284.88 million. On average, analysts expect VNET Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

VNET Group Stock Performance

Shares of NASDAQ VNET traded down $0.15 during midday trading on Friday, reaching $8.71. 10,251,821 shares of the company were exchanged, compared to its average volume of 3,245,155. The stock has a market cap of $2.24 billion, a P/E ratio of -3.92, a PEG ratio of 1.01 and a beta of 0.07. VNET Group has a 1 year low of $1.42 and a 1 year high of $16.13. The stock has a fifty day simple moving average of $9.67 and a 200 day simple moving average of $5.83. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.46.

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Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Citigroup increased their price target on VNET Group from $16.10 to $20.00 and gave the stock a "buy" rating in a report on Friday, March 14th. StockNews.com downgraded shares of VNET Group from a "hold" rating to a "sell" rating in a report on Friday, March 14th. The Goldman Sachs Group raised shares of VNET Group from a "neutral" rating to a "buy" rating and increased their price target for the stock from $3.10 to $5.00 in a report on Friday, November 29th. Nomura Securities upgraded shares of VNET Group to a "strong-buy" rating in a research report on Friday, February 21st. Finally, UBS Group boosted their target price on VNET Group from $6.40 to $7.00 and gave the stock a "buy" rating in a research report on Friday, November 29th. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $9.30.

About VNET Group

VNET Group, Inc, an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet.