VNET Group (VNET) Expected to Announce Quarterly Earnings on Wednesday

VNET Group (NASDAQ:VNET) is expected to post its quarterly earnings results before the market opens on Wednesday, March 26th. Analysts expect VNET Group to post 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.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

VNET Group (NASDAQ:VNET) last posted its quarterly earnings data on Wednesday, March 12th. The information technology services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate 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 Up 3.2 %

NASDAQ VNET opened at $8.99 on Tuesday. VNET Group has a 12 month low of $1.42 and a 12 month high of $16.13. The company has a market capitalization of $2.31 billion, a P/E ratio of -4.05, a PEG ratio of 1.01 and a beta of 0.07. The company’s 50 day simple moving average is $9.75 and its 200 day simple moving average is $5.92. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.83 and a quick ratio of 0.83.

Analyst Upgrades and Downgrades

VNET has been the topic of several research reports. UBS Group upped their price target on VNET Group from $6.40 to $7.00 and gave the company a “buy” rating in a report on Friday, November 29th. Citigroup boosted their target price on VNET Group from $16.10 to $20.00 and gave the stock a “buy” rating in a research report on Friday, March 14th. StockNews.com lowered VNET Group from a “hold” rating to a “sell” rating in a research report on Friday, March 14th. Nomura Securities upgraded VNET Group to a “strong-buy” rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group upgraded shares of VNET Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $3.10 to $5.00 in a report on Friday, November 29th. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $9.30.

VNET Group Company Profile

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.