• VNET Group Inc VNET.OQ reported a quarterly adjusted loss of 57 fen​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 16 fen. The mean expectation of four analysts for the quarter was for a loss of 51 fen per share. Wall Street expected results to range from CNY-1.33 to -28 fen per share.

• Revenue rose 19.6% to CNY2.69 billion from a year ago.

• VNET Group Inc's reported EPS for the quarter was a loss of CNY1.14​.

• The company reported quarterly net income of CNY299.83 million.

• VNET Group Inc shares had risen by 24.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 33.3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for VNET Group Inc is $15.20, about 30.9% above its last closing price of $10.51

This summary was machine generated from LSEG data March 16 at 02:08 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)