GDS Holdings Limited (NASDAQ:GDS) Expected to Announce Quarterly Sales of $349.91 Million

Wall Street analysts forecast that GDS Holdings Limited (NASDAQ:GDSGet Rating) will announce sales of $349.91 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for GDS’s earnings. The lowest sales estimate is $345.03 million and the highest is $355.67 million. GDS posted sales of $260.38 million in the same quarter last year, which suggests a positive year-over-year growth rate of 34.4%. The business is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that GDS will report full year sales of $1.51 billion for the current fiscal year, with estimates ranging from $1.48 billion to $1.53 billion. For the next year, analysts anticipate that the business will report sales of $1.89 billion, with estimates ranging from $1.83 billion to $1.91 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover GDS.

GDS (NASDAQ:GDSGet Rating) last released its earnings results on Tuesday, March 22nd. The company reported ($0.30) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.10. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.15 billion. GDS had a negative return on equity of 5.07% and a negative net margin of 16.17%. The company’s quarterly revenue was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.26) earnings per share.

A number of brokerages recently issued reports on GDS. StockNews.com upgraded GDS to a “sell” rating in a report on Wednesday, April 20th. Morgan Stanley upgraded GDS from an “equal weight” rating to an “overweight” rating and set a $60.00 price target for the company in a report on Wednesday, February 9th. Raymond James lowered GDS from a “strong-buy” rating to an “outperform” rating and set a $68.00 price target for the company. in a report on Wednesday, March 23rd. Deutsche Bank Aktiengesellschaft upgraded GDS from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Thursday, March 24th. Finally, Royal Bank of Canada lowered their price target on GDS from $65.00 to $58.00 and set an “outperform” rating for the company in a report on Thursday, March 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $75.57.

Institutional investors have recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG lifted its holdings in shares of GDS by 11.7% during the 3rd quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 6,700 shares of the company’s stock valued at $379,000 after purchasing an additional 700 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of GDS by 27.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 37,047 shares of the company’s stock valued at $2,097,000 after purchasing an additional 8,046 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of GDS by 2.9% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 100,706 shares of the company’s stock valued at $5,701,000 after purchasing an additional 2,867 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of GDS by 84.2% during the 3rd quarter. Lindbrook Capital LLC now owns 538 shares of the company’s stock valued at $30,000 after purchasing an additional 246 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of GDS during the 3rd quarter valued at $5,778,000. Institutional investors own 53.92% of the company’s stock.

Shares of NASDAQ GDS opened at $29.16 on Monday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.42 and a current ratio of 1.07. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of -26.04 and a beta of 0.97. The stock has a 50 day moving average price of $38.42 and a 200 day moving average price of $46.45. GDS has a 52-week low of $19.83 and a 52-week high of $87.69.

About GDS (Get Rating)

GDS Holdings Limited, together with its subsidiaries, develops 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 to the cloud, internet and banking industries. The company serves cloud service providers, Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations.

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