VNET Group (VNET) to Release Quarterly Earnings on Wednesday

VNET Group (NASDAQ:VNET - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 28th. Analysts expect VNET Group to post earnings of ($0.02) per share and revenue of $2.22 billion for the quarter. VNET Group has set its FY 2025 guidance at EPS.

VNET Group (NASDAQ:VNET - Get Free Report) last released its earnings results 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 for the quarter, compared to the consensus estimate 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 1.0%

Shares of VNET stock traded down $0.06 on Monday, reaching $5.99. 2,100,586 shares of the company's stock were exchanged, compared to its average volume of 4,530,613. The company's fifty day simple moving average is $6.47 and its 200 day simple moving average is $6.83. VNET Group has a 52 week low of $1.71 and a 52 week high of $16.13. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $1.61 billion, a PE ratio of -2.70, a P/E/G ratio of 1.01 and a beta of 0.14.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VNET shares. Citigroup boosted their target price on shares of VNET Group from $16.10 to $20.00 and gave the company a "buy" rating in a research note on Friday, March 14th. Wall Street Zen cut shares of VNET Group from a "hold" rating to a "sell" rating in a research report on Tuesday, May 6th. Finally, Nomura Securities raised VNET Group to a "strong-buy" rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, VNET Group has an average rating of "Buy" and a consensus target price of $9.30.

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.