VEON Earnings Prediction
The chart below shows how VEON performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VEON sees a -4.57% change in stock price 10 days leading up to the earnings, and a -0.79% change 10 days following the report. On the earnings day itself, the stock moves by +1.16%. This data can give you a slight idea of what to expect for the next quarter's release.
VEON Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.04B
9.74%
0.97%
Gross Margin
68.66%
-0.33%
-2.87%
Operating Margin
24.69%
-9.56%
-9.13%
Net Margin
21.89%
57.94%
152.48%
EPS
0.12
-53.85%
200.00%
No Data Available
VEON Earnings Analysis
VEON Ltd. ADS Corporation (VEON.O) Earnings Conference Call
Positive
Revenue Growth Analysis: In the third quarter of 2024, we grew revenues by 9.8% year-over-year in U.S. dollars and 14.1% in local currency terms.
Customer Growth Expansion: We added 8 million additional 4G customers year-on-year and grew multiparty customers by an additional 4 million.
4G Penetration Increase: 4G penetration rose 6 percentage points to 65%, bringing us closer to our group target of 70%.
EBITDA Growth Increase: Our EBITDA growth in local currency terms reached $438 million, reflecting a 3.5% year-on-year increase.
Cash Management Success: We ended Q3 with a cash position of $1 billion, demonstrating effective cash management with gross debt down 8% year-on-year.
Negative
EBITDA Performance Analysis: Group EBITDA decreased 1.5% year-on-year in U.S. dollars and increased 3.5% in local currency, impacted by certain identified items amounting to $36 million.
Underlying EBITDA Growth: Excluding the identified items, underlying EBITDA growth would have been 4.5% in U.S. dollars.
EBITDA Margin Decline: Group EBITDA margin stood at 42.2%, a decrease of 4.9%.
Revenue Decline Analysis: Banglalink revenues decreased 8.4% in Q3, impacted also by a new tax on revenues.
EBITDA Decline Mitigated by Costs: EBITDA decreased by 4% year-over-year as cost reduction initiatives mitigated some of the revenue pressure.
VEON FAQs
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VEON Earning Call Sentiment
VEON Ltd. (VEON) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
VEON.O
-1.13%Positive
The earnings call reflects a positive sentiment overall. The company reported solid financial growth, including a 5% increase in revenue and a 10% rise in net income. The announcement of a $100 million share buyback program further enhances shareholder value. While there are risks, the optimistic guidance and strategic initiatives in digital services and emerging markets indicate strong future prospects. Despite some uncertainties in revenue targets, the market's positive reaction is expected, especially given the company's small market cap, leading to a likely stock price increase of 2% to 8%.
