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

GDS (NASDAQ:GDS) announced its quarterly earnings results on Wednesday. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.17, Zacks reports. The firm had revenue of $425.13 million for 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 business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($2.16) earnings per share. GDS updated its FY 2025 guidance to EPS.

GDS Price Performance

Shares of GDS stock traded down $1.99 during trading on Thursday, hitting $28.62. The company had a trading volume of 4,968,441 shares, compared to its average volume of 1,932,524. The stock’s 50-day moving average price is $31.33 and its 200 day moving average price is $24.41. GDS has a one year low of $5.85 and a one year high of $52.50. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $5.45 billion, a P/E ratio of -9.38 and a beta of 0.06.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GDS shares. Royal Bank of Canada lowered GDS from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $26.00 to $37.00 in a report on Tuesday, February 25th. Citizens Jmp upgraded shares of GDS to a “strong-buy” rating in a report on Monday, January 27th. JMP Securities initiated coverage on shares of GDS in a research report on Monday, January 27th. They issued an “outperform” rating and a $35.00 price objective on the stock. StockNews.com downgraded shares of GDS from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Finally, Jefferies Financial Group raised shares of GDS from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, GDS presently has a consensus rating of “Moderate Buy” and an average 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.