Equities analysts predict that GDS Holdings Ltd – (NASDAQ:GDS) will report sales of $132.81 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for GDS’s earnings. The lowest sales estimate is $131.72 million and the highest is $133.90 million. GDS reported sales of $89.63 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 48.2%. The company is expected to announce its next quarterly earnings report on Thursday, May 9th.
On average, analysts expect that GDS will report full-year sales of $611.71 million for the current year, with estimates ranging from $605.18 million to $621.92 million. For the next financial year, analysts forecast that the firm will post sales of $860.73 million, with estimates ranging from $843.96 million to $870.31 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for GDS.
GDS (NASDAQ:GDS) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.03). GDS had a negative return on equity of 7.56% and a negative net margin of 15.41%. The company had revenue of $829.52 million during the quarter, compared to the consensus estimate of $822.31 million. During the same quarter in the prior year, the business earned ($0.12) earnings per share. The firm’s revenue for the quarter was up 64.1% on a year-over-year basis.
Several research analysts have recently issued reports on GDS shares. BidaskClub lowered GDS from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 5th. Zacks Investment Research upgraded GDS from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. TheStreet raised GDS from a “d” rating to a “c-” rating in a research note on Wednesday, March 13th. Finally, Credit Suisse Group set a $42.00 price objective on GDS and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $41.75.
A number of institutional investors have recently modified their holdings of GDS. BlackRock Inc. raised its stake in shares of GDS by 22.0% in the 4th quarter. BlackRock Inc. now owns 3,918,103 shares of the company’s stock valued at $90,469,000 after purchasing an additional 706,695 shares during the period. MARSHALL WACE ASIA Ltd acquired a new stake in shares of GDS in the 3rd quarter valued at about $1,600,000. Westpac Banking Corp acquired a new stake in shares of GDS in the 4th quarter valued at about $2,821,000. Vanguard Group Inc raised its stake in shares of GDS by 1,030.8% in the 3rd quarter. Vanguard Group Inc now owns 1,638,232 shares of the company’s stock valued at $57,551,000 after purchasing an additional 1,493,362 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of GDS in the 4th quarter valued at about $462,000. 47.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ:GDS traded up $0.54 during midday trading on Friday, hitting $39.10. The company had a trading volume of 799,015 shares, compared to its average volume of 1,096,100. GDS has a 12 month low of $18.59 and a 12 month high of $46.18. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $4.59 billion, a P/E ratio of -76.67 and a beta of 3.24.
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, 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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