Brokerages forecast that GDS Holdings Ltd – (NASDAQ:GDS) will announce sales of $132.81 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for GDS’s earnings. The highest sales estimate is $133.90 million and the lowest is $131.72 million. GDS posted sales of $89.63 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 48.2%. The company is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, May 14th.
According to Zacks, analysts expect that GDS will report full-year sales of $610.17 million for the current financial year, with estimates ranging from $605.18 million to $615.77 million. For the next year, analysts expect that the firm will report sales of $858.61 million, with estimates ranging from $843.96 million to $870.31 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow GDS.
GDS (NASDAQ:GDS) last issued its earnings results on Wednesday, March 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). GDS had a negative return on equity of 7.56% and a negative net margin of 15.41%. The company had revenue of $829.52 million during the quarter, compared to analysts’ expectations of $822.31 million. During the same quarter in the previous year, the company earned ($0.12) EPS. The firm’s quarterly revenue was up 64.1% compared to the same quarter last year.
Shares of GDS stock traded down $0.06 during mid-day trading on Monday, reaching $35.74. 69,563 shares of the stock traded hands, compared to its average volume of 1,036,356. GDS has a fifty-two week low of $18.59 and a fifty-two week high of $46.18. The stock has a market capitalization of $4.20 billion, a P/E ratio of -68.90 and a beta of 3.18. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.87 and a quick ratio of 0.87.
A number of large investors have recently added to or reduced their stakes in GDS. Singapore Technologies Telemedia Pte Ltd boosted its holdings in GDS by 88.7% in the first quarter. Singapore Technologies Telemedia Pte Ltd now owns 13,560,955 shares of the company’s stock valued at $483,990,000 after purchasing an additional 6,373,134 shares during the period. American Century Companies Inc. lifted its holdings in GDS by 582.2% during the 4th quarter. American Century Companies Inc. now owns 2,888,871 shares of the company’s stock worth $66,704,000 after buying an additional 2,465,377 shares during the last quarter. Thornburg Investment Management Inc. purchased a new stake in GDS during the 1st quarter worth about $60,018,000. Vanguard Group Inc lifted its holdings in GDS by 1,030.8% during 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. Finally, Vanguard Group Inc. lifted its holdings in GDS by 1,030.8% during 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. Hedge funds and other institutional investors own 47.28% of the company’s stock.
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.
Read More: What is the Stochastic Momentum Index (SMI)?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GDS and related companies with MarketBeat.com's FREE daily email newsletter.