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

21Vianet Group (NASDAQ:VNET) will announce its earnings results after the market closes on Thursday, May 16th. Analysts expect the company to announce 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 quarterly earnings results on Monday, March 4th. The information technology services provider reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.22). The business had revenue of $131.17 million for the quarter, compared to analyst estimates of $127.39 million. 21Vianet Group had a negative net margin of 5.86% and a negative return on equity of 1.15%. On average, analysts expect 21Vianet Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:VNET opened at $7.78 on Wednesday. The firm has a market cap of $870.43 million, a P/E ratio of -32.42 and a beta of 1.21. 21Vianet Group has a 1-year low of $5.45 and a 1-year high of $11.98. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.54.

Several research analysts recently weighed in on VNET shares. BidaskClub lowered 21Vianet Group from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. Zacks Investment Research lowered 21Vianet Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $11.00.

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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.

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Earnings History for 21Vianet Group (NASDAQ:VNET)

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