-$0.11 Earnings Per Share Expected for GDS Holdings Ltd – (GDS) This Quarter

Wall Street brokerages expect that GDS Holdings Ltd – (NASDAQ:GDS) will post ($0.11) earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for GDS’s earnings. The highest EPS estimate is ($0.09) and the lowest is ($0.14). GDS posted earnings of ($0.14) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 21.4%. The firm is expected to issue its next earnings results on Thursday, November 8th.

On average, analysts expect that GDS will report full year earnings of ($0.41) per share for the current financial year, with EPS estimates ranging from ($0.50) to ($0.31). For the next financial year, analysts expect that the business will report earnings of ($0.16) per share, with EPS estimates ranging from ($0.28) to ($0.07). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover GDS.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Tuesday, August 14th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.01). GDS had a negative return on equity of 8.53% and a negative net margin of 18.51%. The company had revenue of $96.34 million during the quarter, compared to the consensus estimate of $92.48 million.

Several research firms recently weighed in on GDS. Zacks Investment Research cut shares of GDS from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. BidaskClub upgraded shares of GDS from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 15th. Credit Suisse Group upgraded shares of GDS from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 1st. Guggenheim began coverage on shares of GDS in a research report on Thursday, June 14th. They issued a “buy” rating and a $50.00 price objective for the company. Finally, SunTrust Banks began coverage on shares of GDS in a research report on Tuesday, September 18th. They issued a “buy” rating and a $46.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. GDS presently has a consensus rating of “Buy” and a consensus price target of $38.46.

GDS stock traded down $1.31 during trading on Monday, hitting $26.41. The company had a trading volume of 120,963 shares, compared to its average volume of 1,390,355. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.51 and a quick ratio of 1.51. GDS has a 12 month low of $11.83 and a 12 month high of $46.18. The stock has a market capitalization of $4.13 billion, a PE ratio of -52.04 and a beta of 2.69.

Several institutional investors have recently modified their holdings of the business. Singapore Technologies Telemedia Pte Ltd raised its position in shares of GDS by 19.6% during the 2nd quarter. Singapore Technologies Telemedia Pte Ltd now owns 6,625,656 shares of the company’s stock valued at $265,623,000 after acquiring an additional 1,087,835 shares during the last quarter. Federated Investors Inc. PA raised its position in shares of GDS by 3.5% during the 2nd quarter. Federated Investors Inc. PA now owns 3,379,203 shares of the company’s stock valued at $135,472,000 after acquiring an additional 115,182 shares during the last quarter. BlackRock Inc. raised its position in shares of GDS by 163.7% during the 2nd quarter. BlackRock Inc. now owns 2,576,962 shares of the company’s stock valued at $103,310,000 after acquiring an additional 1,599,621 shares during the last quarter. Zimmer Partners LP bought a new stake in shares of GDS during the 1st quarter valued at $26,623,000. Finally, Point72 Asset Management L.P. raised its position in shares of GDS by 90.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 758,465 shares of the company’s stock valued at $30,407,000 after acquiring an additional 360,010 shares during the last quarter. Institutional investors own 39.28% of the company’s stock.

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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Earnings History and Estimates for GDS (NASDAQ:GDS)

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