VNET Group (VNET) to Release 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.Individual interested in listening to the company’s earnings conference call can do so using this link.

VNET Group (NASDAQ:VNET) last posted its quarterly earnings results 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). The firm had revenue of $307.75 million for the quarter, compared to the consensus estimate of $284.88 million. VNET Group had a negative return on equity of 5.68% and a negative net margin of 28.54%. 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 VNET opened at $10.94 on Wednesday. The stock’s 50-day simple moving average is $9.46 and its 200 day simple moving average is $5.74. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of -4.93, a price-to-earnings-growth ratio of 1.01 and a beta of 0.07. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.83 and a current ratio of 0.83. VNET Group has a 52-week low of $1.42 and a 52-week high of $16.13.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Nomura Securities raised VNET Group to a “strong-buy” rating in a report on Friday, February 21st. The Goldman Sachs Group raised VNET Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $3.10 to $5.00 in a report on Friday, November 29th. StockNews.com cut VNET Group from a “hold” rating to a “sell” rating in a report on Friday, March 14th. UBS Group raised 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. Finally, Citigroup raised their price objective on VNET Group from $16.10 to $20.00 and gave the company a “buy” rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $7.98.

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.