• VNET Group Inc VNET.OQ reported a quarterly adjusted loss of 6 fen​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 24 fen. The mean expectation of four analysts for the quarter was for earnings of 4 fen per share. Wall Street expected results to range from -29 fen to 23 fen per share.

• Revenue rose 22.1% to CNY2.43 billion from a year ago; analysts expected CNY2.30 billion.

• VNET Group Inc's reported EPS for the quarter was a loss of 6 fen​.

• The company reported a quarterly loss of CNY11.98 million.

• VNET Group Inc shares had risen by 15.7% this quarter and gained 68.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 191.7% 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 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 $12.20, about 34.6% above its last closing price of $7.98

This summary was machine generated from LSEG data August 21 at 01:31 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)