Equity Profile

VEON

VEON Ltd.

Communication ServicesWireless Telecommunication Services$3.6B

May13Wed

Pre-Earnings Brief

UpcomingQ1-2026Pre-Market9:00 AM EDT

Company Snapshot

VEON Ltd. operates in the communication services sector, primarily focusing on wireless telecommunication services....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well VEON is managing its costs and generating income.

$1.30

Revenue

Total revenue reflects the company's ability to attract and retain customers, which is vital for growth in the competitive telecom industry.

$1.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

VEON Q1-2026 Earnings Preview

Context

Company Snapshot

VEON Ltd. operates in the communication services sector, primarily focusing on wireless telecommunication services. With a market cap of $4 billion, VEON plays a significant role in connecting consumers and businesses, especially in emerging markets where mobile connectivity is essential for economic growth.

Earnings Scorecard·Last 5Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

-55.54%

Avg Stock Reaction

+4.01%

Last Quarter Recap

In Q3 2025, VEON reported an unexpected loss with an EPS of -$1.84, significantly missing estimates. Despite this, the stock saw a positive reaction, gaining 14.77% the following day.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to expanding customer base in key markets.
Plans to enhance service offerings and technology.

Expectations

Wall Street Expectations

Analysts expect VEON to report an EPS of $1.30 and revenue of $1.2 billion, indicating cautious optimism following last quarter's performance. The market is closely watching for signs of recovery after a significant earnings miss.

Bull Case

If VEON can deliver strong earnings and show growth in subscriber numbers, it could signal a turnaround, boosting investor confidence and stock price.

Bear Case

Conversely, if VEON fails to meet expectations again, it may lead to further declines in stock price and investor sentiment, especially given the recent history of earnings misses.

Key Metrics to Watch

EPS

$1.30

Earnings per share is a critical measure of profitability and will indicate how well VEON is managing its costs and generating income.

Revenue

$1.2B

Total revenue reflects the company's ability to attract and retain customers, which is vital for growth in the competitive telecom industry.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will VEON's EPS meet or exceed the consensus estimate of $1.30?

A positive EPS could indicate a recovery in profitability and boost investor confidence, while a miss could raise concerns about ongoing challenges.

What are the specific revenue figures and growth rates in key markets?

Understanding revenue growth in critical regions will provide insight into VEON's operational health and future prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate VEON's potential for recovery, especially given recent operational improvements that could lead to better-than-expected earnings.

Supporting Evidence

The stock has shown resilience with a 14.77% increase following a significant earnings miss last quarter.

Options pricing suggests a higher volatility expectation, indicating that traders may foresee a larger move than what consensus reflects.

Key Risk

If VEON's revenue shows unexpected growth in key markets, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating VEON's ability to recover from previous earnings misses and the sustainability of its growth strategy.

Bull Confirmed If

Achieving an EPS of $1.30 or better would confirm a positive turnaround in profitability.

Bear Confirmed If

An EPS below the consensus of $1.30 would reinforce concerns about ongoing operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±14.7%

Historical Avg

±4.2%

Pricing rich

The options market is pricing in a significant move for VEON's stock, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±14.7% while VEON has averaged ±4.2% over the last 5 prints — setup is pricing rich.

Detail

30d HV

55.0%

Calls (1K)P/C Ratio: 0.60Puts (300)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Mixed flows

Institutional

26.52%

of float

Insider

0.06%

of float

Holders

138

institutions

Top Holders· as of Dec 2025

Lingotto Investment Management LLP
6,060,852 sh · $321.2M
8.19%
-49.9%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If VEON beats expectations, history suggests the stock could rise significantly, potentially around 7.86% based on past performance.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted response, reflecting ongoing investor caution.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating an average drop of around 7.86% following earnings misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on subscriber growth and retention rates.
2Updates on cost management strategies and operational efficiency.
3Insights into competitive positioning in emerging markets.
4Any commentary on new service offerings or technological advancements.
5Management's outlook on future earnings and market conditions.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

RadNet, Inc.

Company Snapshot

VEON Ltd. operates in the communication services sector, primarily focusing on wireless telecommunication services....

Key Metrics to Watch

EPS

Earnings per share is a critical measure of profitability and will indicate how well VEON is managing its costs and generating income.

$1.30

Revenue

Total revenue reflects the company's ability to attract and retain customers, which is vital for growth in the competitive telecom industry.

$1.2B

Wall Street expectations, options signals, track record, and call prep available with Pro.

VEON Q1-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 5Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

-55.54%

Avg Stock Reaction

+4.01%

Last Quarter Recap

In Q3 2025, VEON reported an unexpected loss with an EPS of -$1.84, significantly missing estimates. Despite this, the stock saw a positive reaction, gaining 14.77% the following day.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to expanding customer base in key markets.
Plans to enhance service offerings and technology.

Expectations

Wall Street Expectations

Bull Case

If VEON can deliver strong earnings and show growth in subscriber numbers, it could signal a turnaround, boosting investor confidence and stock price.

Bear Case

Conversely, if VEON fails to meet expectations again, it may lead to further declines in stock price and investor sentiment, especially given the recent history of earnings misses.

Key Metrics to Watch

EPS

$1.30

Earnings per share is a critical measure of profitability and will indicate how well VEON is managing its costs and generating income.

Revenue

$1.2B

Total revenue reflects the company's ability to attract and retain customers, which is vital for growth in the competitive telecom industry.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will VEON's EPS meet or exceed the consensus estimate of $1.30?

A positive EPS could indicate a recovery in profitability and boost investor confidence, while a miss could raise concerns about ongoing challenges.

What are the specific revenue figures and growth rates in key markets?

Understanding revenue growth in critical regions will provide insight into VEON's operational health and future prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate VEON's potential for recovery, especially given recent operational improvements that could lead to better-than-expected earnings.

Supporting Evidence

The stock has shown resilience with a 14.77% increase following a significant earnings miss last quarter.

Options pricing suggests a higher volatility expectation, indicating that traders may foresee a larger move than what consensus reflects.

Key Risk

If VEON's revenue shows unexpected growth in key markets, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating VEON's ability to recover from previous earnings misses and the sustainability of its growth strategy.

Bull Confirmed If

Achieving an EPS of $1.30 or better would confirm a positive turnaround in profitability.

Bear Confirmed If

An EPS below the consensus of $1.30 would reinforce concerns about ongoing operational challenges.

Pre-Earnings Positioning

Options Market

Implied Move

±14.7%

Historical Avg

±4.2%

Pricing rich

The options market is pricing in a significant move for VEON's stock, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±14.7% while VEON has averaged ±4.2% over the last 5 prints — setup is pricing rich.

Detail

30d HV

55.0%

Calls (1K)P/C Ratio: 0.60Puts (300)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Mixed flows

Institutional

26.52%

of float

Insider

0.06%

of float

Holders

138

institutions

Top Holders· as of Dec 2025

Lingotto Investment Management LLP
6,060,852 sh · $321.2M
8.19%
-49.9%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If VEON beats expectations, history suggests the stock could rise significantly, potentially around 7.86% based on past performance.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted response, reflecting ongoing investor caution.

Miss

A miss could lead to a decline in stock price, with historical patterns indicating an average drop of around 7.86% following earnings misses.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on subscriber growth and retention rates.
2Updates on cost management strategies and operational efficiency.
3Insights into competitive positioning in emerging markets.
4Any commentary on new service offerings or technological advancements.
5Management's outlook on future earnings and market conditions.