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.Parties that are interested in participating in the company’s conference call can do so using this link.

VNET Group (NASDAQ:VNET) last issued its quarterly earnings results on Wednesday, March 12th. The information technology services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). VNET Group had a negative return on equity of 5.68% and a negative net margin of 28.54%. 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 Trading Down 1.7 %

NASDAQ VNET opened at $8.71 on Monday. The company has a market cap of $2.24 billion, a P/E ratio of -3.92, a P/E/G ratio of 1.01 and a beta of 0.07. VNET Group has a 12 month low of $1.42 and a 12 month high of $16.13. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.83 and a quick ratio of 0.83. The company has a 50-day moving average of $9.67 and a 200-day moving average of $5.88.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Nomura Securities upgraded shares of VNET Group to a “strong-buy” rating in a report on Friday, February 21st. The Goldman Sachs Group upgraded VNET Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $3.10 to $5.00 in a research note on Friday, November 29th. UBS Group lifted their price objective on VNET Group from $6.40 to $7.00 and gave the company a “buy” rating in a research note on Friday, November 29th. Citigroup increased their target price on shares of VNET Group from $16.10 to $20.00 and gave the stock a “buy” rating in a research report on Friday, March 14th. Finally, StockNews.com cut shares of VNET Group from a “hold” rating to a “sell” rating in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average 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.