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

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

VEON Trading Up 2.0 %

Shares of VEON stock opened at $45.95 on Friday. The company has a market capitalization of $3.40 billion, a P/E ratio of 6.14 and a beta of 1.47. The company’s fifty day moving average is $44.37 and its two-hundred day moving average is $37.09. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.80 and a current ratio of 0.81. VEON has a 1 year low of $22.35 and a 1 year high of $48.39.

Analyst Ratings Changes

Separately, Benchmark increased their target price on shares of VEON from $48.00 to $56.00 and gave the company a “buy” rating in a research 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.