GDS (GDS) Expected to Announce Quarterly Earnings on Wednesday

GDS (NASDAQ:GDS) is projected to announce its earnings results before the market opens on Wednesday, March 19th. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $3.11 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

GDS Price Performance

Shares of GDS stock opened at $38.78 on Wednesday. The company has a market capitalization of $7.39 billion, a P/E ratio of -12.71 and a beta of 0.07. The company’s 50-day simple moving average is $30.24 and its two-hundred day simple moving average is $23.73. GDS has a one year low of $5.85 and a one year high of $52.50. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19.

Analyst Upgrades and Downgrades

GDS has been the topic of several research analyst reports. JMP Securities initiated coverage on GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 price objective on the stock. Citizens Jmp upgraded GDS to a “strong-buy” rating in a research note on Monday, January 27th. Jefferies Financial Group downgraded GDS from a “buy” rating to a “hold” rating and lifted their price objective for the company from $27.06 to $45.00 in a report on Monday, February 24th. Royal Bank of Canada cut shares of GDS from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $26.00 to $37.00 in a report on Tuesday, February 25th. Finally, StockNews.com downgraded shares of GDS from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $33.23.

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.