Pre-earnings brief
Reports
Wed, May 13, 2026
Est. EPS
$1.30
Est. revenue
$1.2B
Implied move
±14.7%
EPS beat rate
0%
VEON Ltd. is a telecommunications company that provides wireless services and operates in various markets, primarily in Europe and Asia. With a market cap of $5 billion, it plays a crucial role in connecting consumers and businesses through mobile and internet services, which are increasingly important in today's digital economy.
Last quarter
In the last quarter, VEON reported an unexpected loss with an EPS of -$1.84, significantly missing analyst expectations. Despite this, the stock reacted positively, gaining 14.77% the following day.
EPS beat streak
0Q
EPS beat rate
0%
Avg EPS surprise
-55.54%
Avg 1-day reaction
+4.01%
Analysts are cautiously optimistic about VEON's upcoming earnings, expecting a return to profitability with an EPS of $1.30 and stable revenue of $1.2 billion. The market is closely watching for signs of recovery after the previous quarter's disappointing results.
Bull case
If VEON meets or exceeds the EPS and revenue expectations, it could signal a strong recovery and improved operational efficiency, potentially boosting investor confidence.
Bear case
Conversely, if VEON fails to meet expectations again, it could raise concerns about the company's financial health and ability to compete, leading to further stock declines.
Key metrics to watch
EPS
$1.30Earnings per share is a key indicator of profitability and will show how well VEON managed costs and revenues this quarter.
Revenue
$1.2BTotal revenue reflects the overall sales performance and demand for VEON's services, which is critical for assessing growth.
The print will turn on these.
Q1
Will VEON achieve an EPS of at least $1.30?
This figure is crucial for assessing the company's recovery and profitability after a significant loss last quarter.
Q2
What are the revenue figures for this quarter compared to the expected $1.2 billion?
Revenue performance will indicate demand for VEON's services and its ability to grow in a competitive market.
—
Est. EPS
$-0.17
Est. Rev
$556M
Impl. Move
±11.3%
Why consensus could be wrong
The Street may underestimate VEON's potential for a rebound, given its recent operational adjustments and market positioning.
Supporting evidence
The stock's previous positive reaction despite a significant EPS miss indicates underlying investor confidence.
Options pricing suggests a larger expected move than historical averages, indicating heightened anticipation for a turnaround.
Key risk
If VEON's revenue significantly exceeds $1.2 billion, it could challenge the current bearish sentiment.
Pre-commit to what would confirm each case.
The market is debating VEON's ability to recover from previous losses and meet growth expectations in a challenging telecommunications landscape.
Bull confirmed if
Achieving an EPS of $1.30 or better would confirm a strong recovery and operational improvements.
Bear confirmed if
An EPS below $1.30 would reinforce concerns about the company's financial stability and growth prospects.
What the market is pricing for the move.
Implied Move
±14.7%
Historical Avg
±4.2%
The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings report.
Options are pricing ±14.7% while VEON has averaged ±4.2% over the last 5 prints — setup is pricing rich.
30d HV
55.0%
Smart-money positioning from the most recent 13F filings.
Institutional
24.19%
of float
Insider
2.18%
of float
Holders
142
institutions
Top Holders· as of Jun 2026
Lingotto Investment Management LLP
5,265,123 sh · $406.4M
7.12%
-12.9%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If VEON beats expectations, history suggests the stock could rise by an average of 7.86%, confirming a positive turnaround.
In line / cautious
If results are in line with expectations, the stock may experience a muted reaction, reflecting ongoing caution among investors.
Miss
A miss could lead to a decline, with history suggesting an average drop of around 7.86% following negative surprises.
The lines on the call that would change the story.
Shah Capital Management
4,667,578 sh · $360.3M
6.31%
-4.6%
Solus Alternative Asset Management LP
887,002 sh · $68.5M
1.20%
Flat
Wellington Management Group, LLP
779,077 sh · $60.1M
1.05%
-18.4%
Morgan Stanley
747,852 sh · $57.7M
1.01%
-2.6%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.