Equities analysts expect that GDS Holdings Ltd – (NASDAQ:GDS) will announce sales of $102.96 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for GDS’s earnings, with the highest sales estimate coming in at $103.53 million and the lowest estimate coming in at $102.03 million. GDS posted sales of $63.79 million in the same quarter last year, which would indicate a positive year over year growth rate of 61.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 8th.
On average, analysts expect that GDS will report full year sales of $388.02 million for the current financial year, with estimates ranging from $384.81 million to $392.38 million. For the next fiscal year, analysts expect that the firm will report sales of $576.30 million, with estimates ranging from $573.41 million to $578.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover GDS.
GDS (NASDAQ:GDS) last released its quarterly earnings data on Tuesday, August 14th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The firm had revenue of $96.34 million for the quarter, compared to analyst estimates of $92.48 million. GDS had a negative return on equity of 8.53% and a negative net margin of 18.51%.
A number of analysts recently weighed in on GDS shares. Credit Suisse Group raised shares of GDS from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 1st. Zacks Investment Research raised shares of GDS from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Monday, August 20th. BidaskClub cut shares of GDS from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. Berenberg Bank started coverage on shares of GDS in a research report on Thursday, September 20th. They set a “sell” rating and a $16.00 price target for the company. Finally, Cowen started coverage on shares of GDS in a research report on Monday, September 10th. They set an “outperform” rating and a $45.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $38.46.
A number of large investors have recently bought and sold shares of the business. Private Capital Advisors Inc. purchased a new position in GDS in the 3rd quarter valued at about $549,000. Centre Asset Management LLC bought a new position in shares of GDS during the third quarter worth about $266,000. United Services Automobile Association bought a new position in shares of GDS during the second quarter worth about $277,000. Northern Trust Corp lifted its position in shares of GDS by 265.9% during the second quarter. Northern Trust Corp now owns 259,792 shares of the company’s stock worth $10,415,000 after purchasing an additional 188,784 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of GDS by 27.2% during the second quarter. Bank of New York Mellon Corp now owns 140,301 shares of the company’s stock worth $5,625,000 after purchasing an additional 30,026 shares during the last quarter. 39.28% of the stock is owned by institutional investors.
Shares of GDS stock traded up $1.76 on Wednesday, reaching $27.65. 2,277,126 shares of the stock were exchanged, compared to its average volume of 1,415,699. The company has a market cap of $4.13 billion, a price-to-earnings ratio of -54.22 and a beta of 2.69. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.78. GDS has a 1-year low of $12.81 and a 1-year high of $46.18.
GDS Company Profile
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. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.
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