VNET Group (VNET) to Release Earnings on Wednesday

VNET Group (NASDAQ:VNET) is expected to issue its quarterly earnings data before the market opens on Wednesday, March 26th. Analysts expect the company to announce 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 that are interested in registering for 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) 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 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 Price Performance

Shares of VNET opened at $8.71 on Monday. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of -3.92, a price-to-earnings-growth ratio of 1.01 and a beta of 0.07. VNET Group has a fifty-two week low of $1.42 and a fifty-two week high of $16.13. The firm has a 50-day simple moving average of $9.67 and a 200-day simple moving average of $5.88. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.83 and a current ratio of 0.83.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VNET. UBS Group increased their price target on VNET Group from $6.40 to $7.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Nomura Securities upgraded shares of VNET Group to a “strong-buy” rating in a research note on Friday, February 21st. Citigroup increased their price target on shares of VNET Group from $16.10 to $20.00 and gave the stock a “buy” rating in a report on Friday, March 14th. The Goldman Sachs Group raised 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 report on Friday, November 29th. Finally, StockNews.com downgraded VNET Group from a “hold” rating to a “sell” rating in a research note on Friday, March 14th. One research 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 company. According to data from MarketBeat.com, the company 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.