GDS (GDS) to Release Earnings on Tuesday

GDS (NASDAQ:GDS) is scheduled to be releasing its earnings data before the market opens on Tuesday, November 19th. Analysts expect GDS to post earnings of ($0.21) per share for the quarter. GDS has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

GDS (NASDAQ:GDS) last posted its earnings results on Wednesday, August 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.07. The company had revenue of $388.92 million during the quarter, compared to analysts’ expectations of $384.14 million. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. On average, analysts expect GDS to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

GDS Stock Down 1.1 %

Shares of GDS opened at $21.96 on Friday. The business’s 50 day simple moving average is $20.79 and its 200-day simple moving average is $14.28. GDS has a one year low of $5.01 and a one year high of $24.74. The company has a market capitalization of $4.18 billion, a P/E ratio of -6.84 and a beta of 0.23. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GDS. Bank of America raised their target price on GDS from $12.40 to $22.40 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Royal Bank of Canada upped their target price on shares of GDS from $14.00 to $26.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Nomura Securities raised shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.29.

About GDS

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.