GDS (NASDAQ:GDS) Posts Earnings Results

GDS (NASDAQ:GDS) released its earnings results on Wednesday. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.51, Zacks reports. The business had revenue of $405.28 million for the quarter, compared to the consensus estimate of $402.81 million. GDS had a return on equity of 1.40% and a net margin of 40.83%.The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.14) earnings per share. GDS updated its FY 2025 guidance to EPS.

GDS Trading Up 2.5%

Shares of GDS stock opened at $29.75 on Thursday. The stock has a 50 day moving average of $35.86 and a 200 day moving average of $32.80. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.00 and a current ratio of 2.00. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 8.80 and a beta of 0.37. GDS has a fifty-two week low of $16.92 and a fifty-two week high of $52.50.

Analyst Ratings Changes

Several research analysts recently commented on the company. Macquarie set a $46.70 price objective on GDS in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c-)” rating on shares of GDS in a research report on Wednesday, October 8th. Bank of America increased their price objective on shares of GDS from $47.60 to $50.60 and gave the company a “buy” rating in a report on Friday, August 22nd. Zacks Research lowered GDS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, JMP Securities lifted their price objective on GDS from $40.00 to $50.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.90.

Hedge Funds Weigh In On GDS

A number of hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC acquired a new stake in shares of GDS during the 1st quarter worth about $25,000. Advisors Asset Management Inc. acquired a new position in GDS in the first quarter valued at about $25,000. EverSource Wealth Advisors LLC lifted its position in GDS by 41.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after buying an additional 531 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in GDS by 113.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock worth $56,000 after buying an additional 974 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of GDS by 585.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,789 shares of the company’s stock valued at $69,000 after acquiring an additional 1,528 shares during the last quarter. 33.71% of the stock is currently owned by hedge funds and other institutional investors.

GDS Company Profile

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.