VEON (NASDAQ:VEON) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

VEON (NASDAQ:VEON) posted its quarterly earnings results on Thursday. The Wireless communications provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.06, Zacks reports. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%. The business had revenue of $998.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. VEON updated its FY 2025 guidance to EPS.

VEON Stock Performance

Shares of VEON stock opened at $45.95 on Friday. The firm has a market cap of $3.40 billion, a P/E ratio of 6.14 and a beta of 1.47. VEON has a one year low of $22.35 and a one year high of $48.39. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.80 and a current ratio of 0.81. The firm’s 50 day moving average price is $44.37 and its 200-day moving average price is $37.09.

Wall Street Analyst Weigh In

Separately, Benchmark upped their price objective on shares of VEON from $48.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, March 3rd.

VEON Company Profile

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.