GDS (NASDAQ:GDS) Posts Quarterly Earnings Results, Beats Estimates By $0.17 EPS

GDS (NASDAQ:GDS) issued its quarterly earnings results on Wednesday. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.17, Zacks reports. The company had revenue of $425.13 million during the quarter, compared to the consensus estimate of $3.11 billion. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.16) EPS. GDS updated its FY 2025 guidance to EPS.

GDS Trading Down 6.5 %

Shares of GDS stock traded down $1.99 during trading hours on Thursday, hitting $28.62. 4,968,441 shares of the company’s stock traded hands, compared to its average volume of 1,932,524. The stock has a market cap of $5.45 billion, a PE ratio of -9.38 and a beta of 0.06. The stock’s 50 day simple moving average is $31.33 and its 200 day simple moving average is $24.41. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. GDS has a 12 month low of $5.85 and a 12 month high of $52.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Royal Bank of Canada downgraded GDS from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $26.00 to $37.00 in a report on Tuesday, February 25th. Raymond James upgraded GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research report on Thursday. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a report on Monday, January 27th. Jefferies Financial Group upgraded shares of GDS from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Tuesday. Finally, StockNews.com lowered shares of GDS from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and three 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.

GDS Company Profile

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.