GDS (GDS) Set to Announce Earnings on Tuesday

GDS (NASDAQ:GDS) will 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 registering for the company’s conference call can do so using this link.

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

GDS Trading Down 1.1 %

NASDAQ:GDS opened at $21.96 on Friday. The company has a market capitalization of $4.18 billion, a P/E ratio of -6.84 and a beta of 0.23. The stock’s 50 day moving average price is $20.79 and its 200 day moving average price is $14.28. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.39 and a current ratio of 1.39. GDS has a 52 week low of $5.01 and a 52 week high of $24.74.

Analysts Set New Price Targets

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