VNET Group (NASDAQ:VNET) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

VNET Group (NASDAQ:VNET) released its earnings results on Wednesday. The information technology services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04), Zacks reports. VNET Group had a negative return on equity of 5.68% and a negative net margin of 28.54%. VNET Group updated its FY 2025 guidance to EPS.

VNET Group Stock Down 7.6 %

Shares of VNET Group stock opened at $11.00 on Thursday. The company has a fifty day moving average price of $8.86 and a 200 day moving average price of $5.43. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.46. VNET Group has a twelve month low of $1.42 and a twelve month high of $16.13. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of -4.95, a price-to-earnings-growth ratio of 1.01 and a beta of 0.06.

Wall Street Analysts Forecast Growth

Several research firms have commented on VNET. UBS Group lifted their target price on shares of VNET Group from $6.40 to $7.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Nomura Securities raised shares of VNET Group to a “strong-buy” rating in a research note on Friday, February 21st. Finally, The Goldman Sachs Group raised shares of VNET Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $3.10 to $5.00 in a research note on Friday, November 29th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $4.78.

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.