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VNET Group, Inc. Sponsored ADR (VNET)
NASDAQ:VNET
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.02Last Year’s EPS
-0.36Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 20, 2018
|% Change Since: 48.94%
|Next Earnings Date:Aug 16, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment with strong revenue growth, particularly in the wholesale IDC segment, driven by AI demand. Significant achievements include a net profit turnaround, green energy project approval, and progress on a pre-REIT project. However, retail IDC growth remains stable without significant increases, and debt levels require ongoing management.Company Guidance
During the VNET Q3 2024 earnings call, the management provided comprehensive guidance for the company's future performance, highlighting several key metrics. The company reported a 12.4% year-over-year increase in net revenues to RMB 2.12 billion, primarily driven by an 86.4% surge in wholesale IDC business revenues to RMB 523 million. Adjusted EBITDA grew by 20.2% to RMB 595 million, illustrating improved operational efficiency. The wholesale capacity in service reached 358 megawatts, with a utilization rate of 78%, and a mature business utilization rate reaching 95.6%. Additionally, the company secured six new orders totaling 84 megawatts, with 300 megawatts of new orders over the past year, of which 90% were AI-driven. The management raised its full-year guidance, projecting total net revenues between RMB 8 billion and RMB 8.1 billion, reflecting a 7.9% to 9.3% increase, and adjusted EBITDA between RMB 2.28 billion and RMB 2.3 billion, indicating a 16.4% to 17.4% rise. The company also emphasized its strategic focus on expanding its capacity to approximately 1 gigawatt in key regions, including Ulanqab and Huailai, to meet the growing demand for AI and high-performance computing services.Strong Revenue Growth
Net revenues increased by 12.4% year-over-year to RMB 2.12 billion, driven by wholesale IDC business growth.
Wholesale Business Expansion
Wholesale IDC business revenue increased by 86.4% year-over-year to RMB 523 million, with a utilization rate of 78%.
AI Demand Surge
Over 98% of wholesale capacity meets high-performance computing requirements, with 90% of new orders related to AI demands.
Net Profit Achievement
Recorded a net profit of RMB 332 million, a significant improvement from a RMB 40 million loss in the prior year.
Green Energy Project Approval
Received approval for the Ulanqab Green Energy project, expected to generate 700 million kilowatt hours of green energy annually.
Pre-REIT Project Progress
Advanced a pre-REIT project, expecting to sign a definitive agreement with a major insurance company by year-end.
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VNET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VNET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 20, 2024 | $3.76 | $4.33 | +15.16% |
| Aug 27, 2024 | $2.00 | $2.36 | +18.00% |
| May 29, 2024 | $1.82 | $2.09 | +14.84% |
| Mar 27, 2024 | $1.70 | $1.55 | -8.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does VNET Group, Inc. Sponsored ADR (VNET) report earnings?
VNET Group, Inc. Sponsored ADR (VNET) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is VNET Group, Inc. Sponsored ADR (VNET) earnings time?
VNET Group, Inc. Sponsored ADR (VNET) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VNET EPS forecast?
VNET EPS forecast for the fiscal quarter 2024 (Q4) is 0.02.
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