21Vianet Group (VNET) Set to Announce Earnings on Thursday

21Vianet Group (NASDAQ:VNET) will be releasing its earnings data after the market closes on Thursday, May 16th. Analysts expect 21Vianet Group to post earnings of $0.03 per share for the quarter. 21Vianet Group has set its Q1 2019 guidance at EPS and its FY 2019 guidance at EPS.

21Vianet Group (NASDAQ:VNET) last posted its earnings results on Monday, March 4th. The information technology services provider reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.22). 21Vianet Group had a negative return on equity of 1.15% and a negative net margin of 5.86%. The company had revenue of $131.17 million during the quarter, compared to analyst estimates of $127.39 million. On average, analysts expect 21Vianet Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

VNET traded down $0.29 on Thursday, hitting $7.48. The company had a trading volume of 4,019 shares, compared to its average volume of 466,866. 21Vianet Group has a 1-year low of $5.08 and a 1-year high of $11.98. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.13 and a current ratio of 2.13. The firm has a market cap of $873.79 million, a P/E ratio of -31.13 and a beta of 1.21.

Several research firms recently weighed in on VNET. BidaskClub upgraded 21Vianet Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. Zacks Investment Research lowered 21Vianet Group from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.00.

TRADEMARK VIOLATION NOTICE: “21Vianet Group (VNET) Set to Announce Earnings on Thursday” was reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2019/05/09/21vianet-group-vnet-set-to-announce-earnings-on-thursday.html.

About 21Vianet Group

21Vianet Group, Inc provides carrier and cloud-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network.

See Also: What is the Fibonacci sequence?

Earnings History for 21Vianet Group (NASDAQ:VNET)

Receive News & Ratings for 21Vianet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 21Vianet Group and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply