Equities analysts forecast that GDS Holdings Ltd – (NASDAQ:GDS) will post $148.94 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for GDS’s earnings, with the highest sales estimate coming in at $151.10 million and the lowest estimate coming in at $144.73 million. GDS reported sales of $111.07 million during the same quarter last year, which would suggest a positive year over year growth rate of 34.1%. The business is expected to issue its next quarterly earnings results on Tuesday, November 12th.
On average, analysts expect that GDS will report full year sales of $580.28 million for the current fiscal year, with estimates ranging from $576.64 million to $584.36 million. For the next year, analysts anticipate that the business will report sales of $823.49 million, with estimates ranging from $803.79 million to $855.55 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover GDS.
GDS (NASDAQ:GDS) last posted its earnings results on Tuesday, August 13th. The company reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.03. The company had revenue of $985.20 million during the quarter, compared to analysts’ expectations of $968.38 million. GDS had a negative net margin of 13.61% and a negative return on equity of 6.70%. GDS’s revenue for the quarter was up 54.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.82) earnings per share.
Shares of NASDAQ:GDS traded down $0.17 during midday trading on Friday, hitting $43.43. The company’s stock had a trading volume of 8,006 shares, compared to its average volume of 625,453. The business’s 50 day simple moving average is $40.71 and its 200 day simple moving average is $37.72. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market cap of $5.15 billion, a P/E ratio of -85.16 and a beta of 3.04. GDS has a 12-month low of $20.84 and a 12-month high of $45.13.
Several hedge funds have recently added to or reduced their stakes in GDS. Tower Research Capital LLC TRC increased its stake in shares of GDS by 93.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,440 shares of the company’s stock valued at $54,000 after purchasing an additional 696 shares during the last quarter. Resources Investment Advisors LLC. acquired a new position in shares of GDS during the second quarter valued at $122,000. CIBC World Markets Inc. acquired a new position in GDS in the first quarter valued at about $218,000. Trexquant Investment LP bought a new stake in shares of GDS in the second quarter worth about $227,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of GDS in the second quarter valued at approximately $237,000. 69.37% of the stock is owned by institutional investors and hedge funds.
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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