GDS (GDS) Scheduled to Post Earnings on Tuesday

GDS (NASDAQ:GDS) is set to release its earnings data before the market opens on Tuesday, November 19th. Analysts expect GDS to post earnings of ($0.21) per share for the quarter. GDS has set its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

GDS (NASDAQ:GDS) last released its earnings results on Wednesday, August 21st. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.07. GDS had a negative net margin of 39.96% and a negative return on equity of 9.10%. The business had revenue of $388.92 million during the quarter, compared to the consensus estimate of $384.14 million. On average, analysts expect GDS to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

GDS Trading Down 1.1 %

Shares of NASDAQ:GDS opened at $21.96 on Monday. The company’s 50-day moving average price is $20.79 and its two-hundred day moving average price is $14.36. GDS has a one year low of $5.01 and a one year high of $24.74. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $4.18 billion, a PE ratio of -6.84 and a beta of 0.23.

Analyst Upgrades and Downgrades

GDS has been the topic of several analyst reports. Royal Bank of Canada increased their price target on GDS from $14.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Bank of America increased their price objective on GDS from $12.40 to $22.40 and gave the company a “buy” rating in a report on Tuesday, August 27th. Finally, Nomura Securities upgraded shares of GDS to a “strong-buy” rating in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.29.

About GDS

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.