GDS (NASDAQ:GDS) Announces Earnings Results

GDS (NASDAQ:GDS) posted its quarterly earnings data on Tuesday. The company reported $0.48 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.70, Zacks reports. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The firm had revenue of $375.14 million for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter last year, the company earned ($1.96) earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. GDS updated its FY 2025 guidance to EPS.

GDS Price Performance

Shares of NASDAQ:GDS opened at $29.65 on Thursday. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of -9.72 and a beta of 0.28. The firm has a fifty day moving average price of $24.99 and a 200 day moving average price of $25.78. GDS has a fifty-two week low of $7.35 and a fifty-two week high of $52.50. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

Institutional Trading of GDS

Hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC purchased a new position in shares of GDS during the first quarter valued at about $25,000. Advisors Asset Management Inc. purchased a new stake in shares of GDS in the first quarter worth about $25,000. Finally, Royal Bank of Canada boosted its stake in GDS by 30.7% during the first quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock valued at $9,608,000 after buying an additional 89,059 shares during the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GDS shares. JMP Securities reissued a “market outperform” rating and issued a $40.00 target price on shares of GDS in a report on Wednesday. Raymond James raised shares of GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a research note on Thursday, March 20th. Daiwa Capital Markets upgraded shares of GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Citigroup reaffirmed an “outperform” rating on shares of GDS in a report on Thursday, March 20th. Finally, Citizens Jmp upgraded GDS to a “strong-buy” rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $39.48.

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.