21Vianet Group, Inc. (NASDAQ:VNET) is expected to report third quarter earnings results, after market close, on Tuesday 24th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.03 per share from revenue of $ 187.72 million.
Looking ahead, the full year loss are expected at $ 2.42 per share on the revenues of $ 725.62 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 174.10 million ~ $ 176.93 million
Full Year 2020 topline are forecasted in a range of$ 665.24 million ~ $ 693.55 million
Click Here For More Historical Outlooks Of 21Vianet Group, Inc.
Previous Quarter Performance
21Vianet Group, Inc. unwinded loss for the second quarter of $ 2.70 per share, from the revenue of $ 161.93 million. According to street consensus, VNET was expected to report 2Q20 loss of $ 0.02 per share from revenue of $ 174.59 million. The top line results fell short of analysts by $ 12.66 million or 7.25 percent.
Stock Performance
Shares of 21Vianet Group, Inc. traded up $ 0.67 or 2.78 percent on Monday, reaching $ 24.80 with volume of 1.22 million shares. 21Vianet Group, Inc. has traded high as $ 25.00 and has cracked $ 24.23 on the downward trend
According to the previous trading day, closing price of $ 24.80, representing a 282.41 % increase from the 52 week low of $ 6.31 and a 20.73 % decrease over the 52 week high of $ 30.44.
The company has a market capital of $ 3.30 billion and is part of the Technology sector and Information Technology Services industry.
Recent Analyst recommendations
- On 28th September 2020, initiated by Bank of America at Buy rating, with $ 35.00 target price.
Conference Call
21Vianet Group, Inc. will be hosting a conference call at 8:00 PM eastern time on 24th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.21vianet.com
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 Peoples 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.
