* VNET Group Inc reported quarterly adjusted earnings of 16 fen per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -28 fen. The mean expectation of five analysts for the quarter was for earnings of 2 fen per share. Wall Street expected results to range from -40 fen to 24 fen per share.
* Revenue rose 12.4% to CNY2.12 billion from a year ago; analysts expected CNY2.01 billion.
* VNET Group Inc's reported EPS for the quarter was 30 fen.
* The company reported quarterly net income of CNY317.63 million.
* VNET Group Inc shares had fallen by 9.3% this quarter and gained 28.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by about 103.7% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* Wall Street's median 12-month price target for VNET Group Inc is $4.90
This summary was machine generated from LSEG data November 20 at 10:00 p.m. UTC. All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.02 0.16 Beat
Jun. 30 2024 -0.42 0.24 Beat
Mar. 31 2024 -0.14 -0.72 Missed
Dec. 31 2023 -1.29 -15.88 Missed
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