Analysts Anticipate GDS Holdings Ltd – (NASDAQ:GDS) Will Announce Earnings of -$0.12 Per Share

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Equities research analysts expect GDS Holdings Ltd – (NASDAQ:GDS) to post earnings per share of ($0.12) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for GDS’s earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.18). GDS also posted earnings per share of ($0.12) in the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Tuesday, August 13th.

According to Zacks, analysts expect that GDS will report full year earnings of ($0.48) per share for the current fiscal year, with EPS estimates ranging from ($0.70) to ($0.22). For the next year, analysts anticipate that the company will post earnings of ($0.01) per share, with EPS estimates ranging from ($0.46) to $0.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover GDS.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.05). The company had revenue of $891.80 million during the quarter, compared to the consensus estimate of $888.42 million. GDS had a negative return on equity of 7.56% and a negative net margin of 15.41%. The business’s revenue was up 58.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.71) EPS.

Several research firms have recently weighed in on GDS. Zacks Investment Research downgraded shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. TheStreet downgraded shares of Stitch Fix from a “c-” rating to a “d+” rating in a research note on Monday, May 6th. Credit Suisse Group set a GBX 190 ($2.48) target price on shares of Barclays and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. ValuEngine upgraded shares of Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Finally, BidaskClub downgraded shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. GDS presently has an average rating of “Buy” and a consensus target price of $39.33.

GDS stock traded up $0.03 during mid-day trading on Friday, hitting $38.92. The company had a trading volume of 13,055 shares, compared to its average volume of 548,032. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of -76.39 and a beta of 3.04. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.22 and a current ratio of 2.22. GDS has a 12 month low of $18.59 and a 12 month high of $46.00. The firm’s fifty day moving average is $35.64.

A number of large investors have recently modified their holdings of the stock. SeaBridge Investment Advisors LLC lifted its holdings in shares of GDS by 100.0% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 1,000 shares of the company’s stock worth $36,000 after acquiring an additional 500 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of GDS in the 1st quarter worth approximately $124,000. Cowen Prime Services LLC bought a new stake in shares of GDS in the 1st quarter worth approximately $143,000. Oppenheimer Asset Management Inc. bought a new stake in shares of GDS in the 1st quarter worth approximately $166,000. Finally, CIBC World Markets Inc. bought a new stake in shares of GDS in the 1st quarter worth approximately $218,000. 62.42% of the stock is owned by institutional investors.

About GDS

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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Earnings History and Estimates for GDS (NASDAQ:GDS)

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