GDS (GDS) Scheduled to Post Quarterly Earnings on Wednesday

GDS (NASDAQ:GDSGet Free Report) is scheduled to announce its earnings results before the market opens on Wednesday, May 22nd. Analysts expect the company to announce earnings of ($0.32) per share for the quarter. GDS has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

GDS (NASDAQ:GDSGet Free Report) last released its quarterly earnings data on Tuesday, March 26th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.23). The business had revenue of $360.07 million during the quarter, compared to the consensus estimate of $363.21 million. GDS had a negative net margin of 43.25% and a negative return on equity of 8.89%. On average, analysts expect GDS to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

GDS Price Performance

NASDAQ:GDS opened at $9.50 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 2.26. The stock’s 50 day moving average price is $7.59 and its two-hundred day moving average price is $7.94. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -2.84 and a beta of 0.31. GDS has a 12-month low of $5.01 and a 12-month high of $14.24.

Wall Street Analyst Weigh In

Several research firms have recently commented on GDS. JPMorgan Chase & Co. decreased their target price on GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. StockNews.com raised GDS to a “sell” rating in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, GDS currently has a consensus rating of “Hold” and a consensus price target of $15.69.

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GDS Company Profile

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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.

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Earnings History for GDS (NASDAQ:GDS)

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