21Vianet Group (NAS: VNET) reported earnings on Aug. 16. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), 21Vianet Group met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share improved.
Margins improved across the board.
21Vianet Group reported revenue of $57.2 million. The five analysts polled by S&P Capital IQ expected sales of $58.1 million on the same basis. GAAP reported sales were 61% higher than the prior-year quarter's $35.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.11. The five earnings estimates compiled by S&P Capital IQ averaged $0.12 per share. GAAP EPS were $0.05 for Q2 versus -$0.10 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.4%, 160 basis points better than the prior-year quarter. Operating margin was 8.4%, 90 basis points better than the prior-year quarter. Net margin was 4.9%, 1,770 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $62.7 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $247.4 million. The average EPS estimate is $0.47.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 25 members out of 30 rating the stock outperform, and five members rating it underperform. Among five CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give 21Vianet Group a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on 21Vianet Group is outperform, with an average price target of $17.33.
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The article 21Vianet Group Increases Sales but Misses Estimates on Earnings originally appeared on Fool.com.
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