Chindata Group (CD) to Release Quarterly Earnings on Wednesday

Chindata Group (NASDAQ:CD – Get Rating) will be announcing its earnings results before the market opens on Wednesday, May 31st. Chindata Group has set its FY 2023 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Chindata Group (NASDAQ:CD – Get Rating) last issued its quarterly earnings data on Wednesday, March 15th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $201.57 million for the quarter, compared to analyst estimates of $184.24 million. Chindata Group had a return on equity of 6.20% and a net margin of 14.23%. On average, analysts expect Chindata Group to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Chindata Group Stock Performance

Shares of CD stock opened at $5.12 on Wednesday. The stock’s 50-day moving average is $6.31 and its two-hundred day moving average is $7.14. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 19.69 and a beta of 0.54. Chindata Group has a 1 year low of $5.00 and a 1 year high of $9.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.59 and a current ratio of 1.59.

Hedge Funds Weigh In On Chindata Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV grew its holdings in shares of Chindata Group by 26.4% during the first quarter. Mercer Global Advisors Inc. ADV now owns 15,667 shares of the company’s stock worth $110,000 after buying an additional 3,268 shares during the last quarter. Sylebra Capital Ltd boosted its holdings in Chindata Group by 0.4% in the 1st quarter. Sylebra Capital Ltd now owns 6,098,506 shares of the company’s stock valued at $42,629,000 after purchasing an additional 22,330 shares in the last quarter. Pinpoint Asset Management Ltd purchased a new stake in Chindata Group in the 1st quarter valued at approximately $308,000. State Street Corp boosted its holdings in Chindata Group by 3.8% in the 1st quarter. State Street Corp now owns 866,495 shares of the company’s stock valued at $6,059,000 after purchasing an additional 31,640 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Chindata Group by 2.7% in the 1st quarter. Geode Capital Management LLC now owns 118,612 shares of the company’s stock valued at $829,000 after purchasing an additional 3,084 shares in the last quarter. Hedge funds and other institutional investors own 25.98% of the company’s stock.

About Chindata Group

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Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in China, India, Malaysia, and Southeast Asia. It offers artificial intelligence, cloud computing, smart cities and homes, online entertainment, and other on-demand services. The company also provides internet data center colocation and rental services; and technical and consulting services.