VNET Group (VNET) shares are soaring 5.63% in pre-market trading on Wednesday, as investors eagerly await the company's first-quarter earnings report scheduled for later in the day. The significant uptick in share price suggests that market participants are optimistic about the upcoming financial results.

According to the earnings calendar, VNET Group is expected to report its Q1 2025 earnings before the market opens on Wednesday. Analysts are projecting an earnings per share (EPS) of ($0.02) for the quarter. The pre-market rally indicates that investors may be anticipating better-than-expected results or are positioning themselves ahead of potential positive news.

The strong pre-earnings movement in VNET's stock price could be attributed to various factors, including positive market sentiment, speculation about the company's performance, or potential leaks of favorable information. However, it's important to note that pre-earnings stock movements can be volatile and may not always accurately predict the actual earnings outcome or the stock's post-earnings performance. Investors and analysts will be closely watching VNET Group's earnings report for insights into the company's financial health and future outlook.