VNET Group (VNET) to Release Earnings on Wednesday

VNET Group (NASDAQ:VNET) is anticipated 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 registering for the company’s earnings conference call can do so using this link.

VNET Group (NASDAQ:VNET) last released its quarterly earnings data 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 net margin of 28.54% and a negative return on equity of 5.68%. The company had revenue of $307.75 million for 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 Price Performance

Shares of NASDAQ VNET opened at $8.99 on Tuesday. 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 firm has a market capitalization of $2.31 billion, a PE ratio of -4.05, a P/E/G 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 business’s fifty day moving average price is $9.75 and its two-hundred day moving average price is $5.92.

Analyst Ratings Changes

Several brokerages recently weighed in on VNET. The Goldman Sachs Group upgraded shares of VNET Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $3.10 to $5.00 in a research report on Friday, November 29th. UBS Group lifted 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. Nomura Securities raised VNET Group to a “strong-buy” rating in a report on Friday, February 21st. Citigroup raised their target price on VNET Group from $16.10 to $20.00 and gave the company a “buy” rating in a research report on Friday, March 14th. Finally, StockNews.com lowered VNET Group from a “hold” rating to a “sell” rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus 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.