GDS (NASDAQ:GDS) Issues Quarterly Earnings Results

GDS (NASDAQ:GDS - Get Free Report) posted its earnings results on Wednesday. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.17, Zacks reports. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The business had revenue of $425.13 million during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter last year, the company earned ($2.16) EPS. GDS's revenue was up 9.1% on a year-over-year basis. GDS updated its FY 2025 guidance to EPS.

GDS Trading Up 2.7 %

Shares of GDS traded up $0.74 during trading hours on Monday, hitting $28.41. 3,344,329 shares of the stock traded hands, compared to its average volume of 1,944,080. The business has a fifty day moving average of $31.34 and a 200-day moving average of $24.62. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $5.41 billion, a PE ratio of -9.31 and a beta of 0.07. GDS has a 1-year low of $5.85 and a 1-year high of $52.50.

Wall Street Analysts Forecast Growth

GDS has been the topic of several recent analyst reports. Jefferies Financial Group upgraded shares of GDS from a "hold" rating to a "buy" rating and set a $45.00 target price on the stock in a research note on Tuesday, March 18th. StockNews.com cut shares of GDS from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Raymond James upgraded shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price for the company in a research note on Thursday. Daiwa Capital Markets raised GDS from a "neutral" rating to a "buy" rating in a report on Tuesday, February 11th. Finally, Citizens Jmp upgraded GDS to a "strong-buy" rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.23.

Remove Ads

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.