Wall Street brokerages expect 21Vianet Group Inc (NASDAQ:VNET) to report earnings per share (EPS) of $0.01 for the current quarter, according to Zacks. Zero analysts have issued estimates for 21Vianet Group’s earnings. 21Vianet Group reported earnings per share of ($0.12) during the same quarter last year, which suggests a positive year-over-year growth rate of 108.3%. The company is expected to announce its next earnings report on Tuesday, December 4th.

On average, analysts expect that 21Vianet Group will report full year earnings of $0.04 per share for the current fiscal year. For the next financial year, analysts expect that the company will post earnings of $0.14 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for 21Vianet Group.

21Vianet Group (NASDAQ:VNET) last issued its quarterly earnings data on Thursday, August 16th. The information technology services provider reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $125.18 million during the quarter. 21Vianet Group had a negative net margin of 18.44% and a positive return on equity of 2.05%.

VNET has been the topic of a number of recent research reports. BidaskClub raised shares of 21Vianet Group from a “hold” rating to a “buy” rating in a report on Saturday, July 21st. Zacks Investment Research raised shares of 21Vianet Group from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Saturday, August 18th. Finally, ValuEngine raised shares of 21Vianet Group from a “hold” rating to a “buy” rating in a research note on Friday, June 1st.

A number of institutional investors and hedge funds have recently made changes to their positions in VNET. Trexquant Investment LP purchased a new stake in shares of 21Vianet Group during the 1st quarter worth $471,000. Penserra Capital Management LLC boosted its position in shares of 21Vianet Group by 27.0% during the 1st quarter. Penserra Capital Management LLC now owns 200,538 shares of the information technology services provider’s stock worth $1,389,000 after purchasing an additional 42,672 shares in the last quarter. BlackRock Inc. boosted its position in shares of 21Vianet Group by 7.2% during the 1st quarter. BlackRock Inc. now owns 1,360,938 shares of the information technology services provider’s stock worth $9,432,000 after purchasing an additional 91,336 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of 21Vianet Group by 5.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,144,823 shares of the information technology services provider’s stock worth $7,934,000 after buying an additional 54,160 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of 21Vianet Group in the 1st quarter worth about $529,000. 30.52% of the stock is currently owned by institutional investors.

Shares of 21Vianet Group stock opened at $9.24 on Friday. The firm has a market capitalization of $1.04 billion, a PE ratio of -38.50 and a beta of 2.03. 21Vianet Group has a 12 month low of $5.01 and a 12 month high of $11.54. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 2.38.

About 21Vianet Group

21Vianet Group, Inc provides carrier-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; and other hosting related value-added services.

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