Wall Street analysts expect GDS Holdings Ltd – (NASDAQ:GDS) to announce sales of $102.96 million for the current quarter, Zacks reports. Three analysts have provided estimates for GDS’s earnings. The highest sales estimate is $103.53 million and the lowest is $102.03 million. GDS posted sales of $63.79 million during the same quarter last year, which suggests a positive year-over-year growth rate of 61.4%. The firm is expected to report its next earnings report on Thursday, November 8th.

On average, analysts expect that GDS will report full-year sales of $388.02 million for the current fiscal year, with estimates ranging from $384.81 million to $392.38 million. For the next fiscal year, analysts anticipate that the business will post sales of $576.30 million, with estimates ranging from $573.41 million to $578.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow GDS.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Tuesday, August 14th. The company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.01). The firm had revenue of $96.34 million during the quarter, compared to analyst estimates of $92.48 million. GDS had a negative net margin of 18.51% and a negative return on equity of 8.53%.

A number of equities analysts have commented on GDS shares. Credit Suisse Group upgraded shares of GDS from a “neutral” rating to an “outperform” rating in a research report on Wednesday, August 1st. Zacks Investment Research raised shares of GDS from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Monday, August 20th. BidaskClub downgraded shares of GDS from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Berenberg Bank initiated coverage on shares of GDS in a research note on Thursday, September 20th. They issued a “sell” rating and a $16.00 target price for the company. Finally, Cowen initiated coverage on shares of GDS in a research note on Monday, September 10th. They issued an “outperform” rating and a $45.00 target price for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $38.46.

NASDAQ:GDS traded up $1.76 on Wednesday, reaching $27.65. The stock had a trading volume of 2,277,126 shares, compared to its average volume of 1,415,699. The firm has a market cap of $4.13 billion, a PE ratio of -54.22 and a beta of 2.69. GDS has a 1-year low of $12.81 and a 1-year high of $46.18. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.78.

Several institutional investors and hedge funds have recently bought and sold shares of GDS. BlackRock Inc. raised its stake in shares of GDS by 163.7% during the second quarter. BlackRock Inc. now owns 2,576,962 shares of the company’s stock worth $103,310,000 after buying an additional 1,599,621 shares during the last quarter. Singapore Technologies Telemedia Pte Ltd grew its holdings in GDS by 19.6% during the second quarter. Singapore Technologies Telemedia Pte Ltd now owns 6,625,656 shares of the company’s stock valued at $265,623,000 after purchasing an additional 1,087,835 shares during the period. Zimmer Partners LP acquired a new position in GDS during the first quarter valued at approximately $26,623,000. Millennium Management LLC acquired a new position in GDS during the first quarter valued at approximately $16,108,000. Finally, American Century Companies Inc. acquired a new position in GDS during the second quarter valued at approximately $21,366,000. 39.28% of the stock is owned by institutional investors and hedge funds.

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. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.

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Earnings History and Estimates for GDS (NASDAQ:GDS)

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