GDS (GDS) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

GDS (NASDAQ:GDS) released its earnings results on Wednesday. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.03), reports. GDS had a negative net margin of 17.19% and a negative return on equity of 7.97%. 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 previous year, the business posted ($0.12) EPS. The firm’s quarterly revenue was up 64.1% on a year-over-year basis. GDS updated its FY 2019 guidance to EPS.

NASDAQ GDS opened at $35.58 on Friday. The company has a market cap of $4.16 billion, a PE ratio of -69.76 and a beta of 3.25. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.41 and a quick ratio of 1.41. GDS has a 1-year low of $18.59 and a 1-year high of $46.18.

A hedge fund recently raised its stake in GDS stock. Geode Capital Management LLC raised its position in shares of GDS Holdings Ltd – (NASDAQ:GDS) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,753 shares of the company’s stock after buying an additional 10,172 shares during the period. Geode Capital Management LLC owned about 0.12% of GDS worth $3,347,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 46.69% of the company’s stock.

GDS has been the subject of several recent research reports. BidaskClub raised shares of GDS from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. Zacks Investment Research lowered shares of GDS from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. Finally, TheStreet raised shares of GDS from a “d” rating to a “c-” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $40.38.

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About GDS

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. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.

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Earnings History for GDS (NASDAQ:GDS)

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