VEON Ltd reports results for the quarter ended December 31 - Earnings Summary

• VEON Ltd VEON.OQ reported a quarterly adjusted loss of 45 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 98 cents. The lone analyst forecast for the quarter was for earnings of $1.10 per share.

• Revenue rose 17.3% to $1.17 billion from a year ago; analysts expected $1.11 billion.

• VEON Ltd's reported EPS for the quarter was a loss of 44 cents​.

• The company reported a quarterly loss of $32 million.

• VEON Ltd shares had fallen by 15.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.3% 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 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the wireless telecommunications services peer group is also "buy"

• Wall Street's median 12-month price target for VEON Ltd is $71.25, about 37.8% above its last closing price of $44.31

This summary was machine generated from LSEG data March 13 at 06:01 a.m. UTC. ​All figures in US dollars 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)