GDS (NASDAQ:GDS) Releases Quarterly Earnings Results, Beats Estimates By $0.17 EPS

GDS (NASDAQ:GDS) issued its quarterly earnings data on Wednesday. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.17, Zacks reports. The firm had revenue of $425.13 million during the quarter, compared to the consensus estimate of $3.11 billion. GDS had a negative return on equity of 8.22% and a negative net margin of 35.97%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.16) EPS. GDS updated its FY 2025 guidance to EPS.

GDS Trading Down 6.5 %

Shares of NASDAQ GDS traded down $1.99 during trading on Thursday, hitting $28.62. 4,968,870 shares of the company traded hands, compared to its average volume of 1,932,526. GDS has a 1 year low of $5.85 and a 1 year high of $52.50. The company has a 50-day moving average price of $31.33 and a 200-day moving average price of $24.41. The firm has a market capitalization of $5.45 billion, a P/E ratio of -9.38 and a beta of 0.06. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GDS. Royal Bank of Canada downgraded GDS from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $26.00 to $37.00 in a report on Tuesday, February 25th. Raymond James upgraded GDS from an “outperform” rating to a “strong-buy” rating and set a $53.00 price target for the company in a report on Thursday. Daiwa Capital Markets upgraded GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Citizens Jmp upgraded GDS to a “strong-buy” rating in a report on Monday, January 27th. Finally, JMP Securities began coverage on GDS in a report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.