Wall Street analysts expect that GDS Holdings Ltd – (NASDAQ:GDS) will post ($0.09) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for GDS’s earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.13). GDS reported earnings of ($0.08) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 12.5%. The business is expected to report its next earnings report before the market opens on Tuesday, May 14th.
According to Zacks, analysts expect that GDS will report full-year earnings of ($0.42) per share for the current year, with EPS estimates ranging from ($0.71) to ($0.29). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.05) per share, with EPS estimates ranging from ($0.46) to $0.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover GDS.
GDS (NASDAQ:GDS) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.03). The company had revenue of $829.52 million during the quarter, compared to the consensus estimate of $822.31 million. GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. GDS’s revenue for the quarter was up 64.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.12) earnings per share.
Several equities analysts have recently weighed in on the stock. BidaskClub lowered shares of GDS from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 25th. TheStreet lowered shares of GDS from a “c-” rating to a “d” rating in a research report on Monday. Zacks Investment Research raised shares of GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Finally, Credit Suisse Group set a $42.00 price objective on shares of GDS and gave the company a “buy” rating in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $41.75.
Shares of GDS traded down $0.06 during trading hours on Friday, hitting $35.74. The company had a trading volume of 69,563 shares, compared to its average volume of 1,036,356. The firm has a market capitalization of $4.20 billion, a PE ratio of -68.90 and a beta of 3.18. GDS has a 12 month low of $18.59 and a 12 month high of $46.18. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.87 and a quick ratio of 0.87.
Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in GDS by 79,592.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 90,053 shares of the company’s stock valued at $3,164,000 after buying an additional 89,940 shares during the period. Jane Street Group LLC acquired a new stake in GDS during the 3rd quarter worth approximately $342,000. Legal & General Group Plc boosted its position in GDS by 95.4% during the 3rd quarter. Legal & General Group Plc now owns 239,024 shares of the company’s stock worth $8,397,000 after buying an additional 116,670 shares during the period. Vanguard Group Inc. boosted its position in GDS by 1,030.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,638,232 shares of the company’s stock worth $57,551,000 after buying an additional 1,493,362 shares during the period. Finally, Vanguard Group Inc lifted its position in shares of GDS by 1,030.8% in the 3rd quarter. Vanguard Group Inc now owns 1,638,232 shares of the company’s stock worth $57,551,000 after purchasing an additional 1,493,362 shares during the period. 47.28% of the stock is currently owned by institutional investors and hedge funds.
GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.
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