GDS (NASDAQ:GDS) Issues Earnings Results, Beats Expectations By $0.17 EPS

GDS (NASDAQ:GDS) released its quarterly earnings results on Wednesday. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.17, Zacks reports. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The firm had revenue of $425.13 million for the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the company earned ($2.16) EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. GDS updated its FY 2025 guidance to EPS.

GDS Trading Down 6.5 %

Shares of GDS stock traded down $1.99 during mid-day trading on Thursday, hitting $28.62. The stock had a trading volume of 4,967,332 shares, compared to its average volume of 1,932,521. The firm has a 50-day moving average of $31.33 and a two-hundred day moving average of $24.41. GDS has a 12-month low of $5.85 and a 12-month high of $52.50. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The firm has a market cap of $5.45 billion, a P/E ratio of -9.38 and a beta of 0.06.

Analysts Set New Price Targets

GDS has been the topic of a number of research analyst reports. Raymond James raised shares of GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research note on Thursday. JMP Securities began coverage on shares of GDS in a research report on Monday, January 27th. They set an “outperform” rating and a $35.00 price target on the stock. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada cut shares of GDS from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $26.00 to $37.00 in a research note on Tuesday, February 25th. Finally, StockNews.com cut shares of GDS from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.23.

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.