VNET Group (NASDAQ:VNET) Announces Earnings Results, Misses Estimates By $0.04 EPS

VNET Group (NASDAQ:VNET) released its quarterly earnings data on Wednesday. The information technology services provider reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04), Zacks reports. 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 analysts’ expectations of $284.88 million. VNET Group updated its FY 2025 guidance to EPS.

VNET Group Stock Performance

NASDAQ VNET opened at $10.40 on Friday. VNET Group has a 52-week low of $1.42 and a 52-week high of $16.13. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $2.68 billion, a P/E ratio of -4.68, a P/E/G ratio of 1.01 and a beta of 0.06. The company has a fifty day moving average of $8.99 and a 200-day moving average of $5.47.

Analyst Ratings Changes

VNET has been the subject of a number of recent research reports. UBS Group lifted their price objective on shares of VNET Group from $6.40 to $7.00 and gave the company a “buy” rating in a research note 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, The Goldman Sachs Group upgraded shares of VNET Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $3.10 to $5.00 in a research report on Friday, November 29th. One analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, VNET Group currently has an average rating of “Buy” and an average target price of $4.78.

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.