GDS (GDS) Releases Earnings Results, Misses Estimates By $0.05 EPS

GDS (NASDAQ:GDS) released its quarterly earnings data on Tuesday. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.05), Morningstar.com reports. The company had revenue of $891.80 million during the quarter, compared to the consensus estimate of $888.42 million. GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. The business’s revenue was up 58.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.71) EPS. GDS updated its FY 2019 guidance to EPS.

GDS stock traded up $3.41 during midday trading on Wednesday, reaching $38.23. 44,195 shares of the company’s stock traded hands, compared to its average volume of 776,423. The firm has a market capitalization of $3.90 billion, a PE ratio of -74.76 and a beta of 3.18. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.05. GDS has a 52 week low of $18.59 and a 52 week high of $46.18.

Several analysts have recently weighed in on GDS shares. BidaskClub lowered shares of GDS from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Credit Suisse Group set a $42.00 price target on shares of GDS and gave the company a “buy” rating in a research note on Tuesday, March 19th. Zacks Investment Research lowered shares of GDS from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, TheStreet upgraded shares of GDS from a “d” rating to a “c-” rating in a research note on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $41.75.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of GDS by 22.0% in the 4th quarter. BlackRock Inc. now owns 3,918,103 shares of the company’s stock worth $90,469,000 after buying an additional 706,695 shares during the last quarter. Westpac Banking Corp purchased a new position in shares of GDS in the 4th quarter worth about $2,821,000. Vanguard Group Inc boosted its holdings in shares of GDS by 1,030.8% in the 3rd quarter. Vanguard Group Inc now owns 1,638,232 shares of the company’s stock worth $57,551,000 after buying an additional 1,493,362 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of GDS in the 4th quarter worth about $462,000. Finally, 1832 Asset Management L.P. lifted its holdings in GDS by 27.7% during the fourth quarter. 1832 Asset Management L.P. now owns 157,500 shares of the company’s stock valued at $3,636,000 after purchasing an additional 34,200 shares during the last quarter. Institutional investors and hedge funds own 54.07% of the company’s stock.

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GDS Company Profile

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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Earnings History for GDS (NASDAQ:GDS)

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