Wall Street analyst estimates for VEON Ltd. (VEON): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
VEON Ltd. provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company offers mobile telecommunications services under prepaid and postpaid subscriptions, including value-added and call completion services, national and international roaming services, wireless Internet access, mobile financial services, and mobile bundles; fixed-line telecommunications using fiber optic networks; cross-border transmission services;...
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $5.1B | $5.1B – $5.1B | $6.91 | 5 |
| 2028E | $6.1B | $6.0B – $6.3B | $10.79 | 5 |
Figures in USD · consensus as of November 1, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 11 |
| Hold | 3 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 14 |
| Avg rating (−2 sell to +2 buy) | 0.79 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-06 | $1.72 | ||
| 2026-07-31 | $1.69 | $1.59 | +6.3% |
| 2026-05-13 | $1.39 | $0.99 | +40.4% |
| 2026-03-13 | $-0.39 | $1.33 | -129.3% |
| 2025-11-10 | $1.14 | $1.21 | -5.8% |
| 2025-08-07 | $8.30 | $0.95 | +773.7% |
| 2025-05-15 | $1.36 | $0.83 | +63.9% |
| 2025-03-20 | $0.98 | $0.77 | +27.3% |
Valuation Ratios
| P/E Ratio | 128.97 |
| Price / Book | 3.80 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.88B | $9.47B | $9.09B | $8.05B | $3.48B | $3.85B | $3.75B | $3.70B | $4.00B | $4.47B |
| Cost of Revenue | $1.99B | $2.14B | $2.12B | $1.84B | $454.0M | $484.0M | $476.0M | $441.0M | $515.0M | $1.35B |
| Gross Profit | $6.90B | $7.33B | $6.97B | $6.21B | $3.03B | $3.37B | $3.28B | $3.26B | $3.49B | $3.12B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $3.42B | $3.53B | $3.48B | $2.58B | $1.36B | $1.48B | $1.50B | $1.57B | $1.73B | $2.08B |
| Operating Expenses | $5.82B | $5.87B | $6.42B | $4.34B | $2.21B | $2.34B | $2.12B | $2.33B | $2.38B | $2.08B |
| Operating Income | $1.08B | $1.47B | $554.0M | $1.86B | $823.0M | $1.02B | $1.16B | $929.0M | $1.11B | $1.04B |
| EBITDA | $3.26B | $3.65B | $3.28B | $3.58B | $1.73B | $1.84B | $1.77B | $1.61B | $1.69B | $2.16B |
| Interest Expense | $830.0M | $935.0M | $816.0M | $876.0M | $569.0M | $591.0M | $583.0M | $531.0M | $495.0M | $544.2M |
| Pre-tax Income | $288.0M | $328.0M | -$248.0M | $1.04B | $373.0M | $464.0M | $802.0M | $559.0M | $704.0M | $798.5M |
| Income Tax | $635.0M | $472.0M | $369.0M | $462.0M | $279.0M | $344.0M | $69.0M | $179.0M | $217.0M | $197.3M |
| Net Income | $2.33B | -$505.0M | $582.0M | $622.0M | -$349.0M | $674.0M | -$162.0M | -$2.53B | $415.0M | $541.1M |
| EPS | $7.87 | -$7.24 | -$9.99 | $8.89 | -$4.99 | $9.61 | -$2.25 | -$35.93 | $5.86 | $7.50 |
| EPS (Diluted) | $7.87 | -$7.24 | -$9.99 | $8.89 | -$4.99 | $9.57 | -$2.25 | -$36.00 | $5.73 | $7.50 |
| Shares Outstanding (Diluted) | 70.0 M | 70.0 M | 70.0 M | 70.0 M | 70.0 M | 70.4 M | 70.4 M | 71.3 M | 72.4 M | 71.8 M |
Price
| Price | $82.54 (closing price, October 30, 2026) |
| Market Cap | $5.7B |
| Exchange | NASDAQ |
| Country | AE |
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Explore sector: Communication Services · Telecommunications Services
More sections of VEON: Overview · Financials · Valuation · Statistics · Technical · Ownership · News · Events
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