Analysts predict that GDS Holdings Ltd – (NASDAQ:GDS) will report sales of $191.36 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for GDS’s earnings, with the lowest sales estimate coming in at $188.85 million and the highest estimate coming in at $195.05 million. GDS reported sales of $143.51 million in the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The company is expected to announce its next quarterly earnings report on Tuesday, August 11th.
On average, analysts expect that GDS will report full-year sales of $806.97 million for the current year, with estimates ranging from $795.25 million to $813.80 million. For the next financial year, analysts expect that the firm will report sales of $1.13 billion, with estimates ranging from $1.08 billion to $1.17 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover GDS.
GDS (NASDAQ:GDS) last announced its earnings results on Thursday, May 14th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). GDS had a negative return on equity of 4.37% and a negative net margin of 8.91%. The business had revenue of $174.08 million for the quarter, compared to analysts’ expectations of $173.12 million.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley increased its holdings in shares of GDS by 24.3% in the 1st quarter. Morgan Stanley now owns 456,071 shares of the company’s stock valued at $26,439,000 after purchasing an additional 89,165 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in shares of GDS in the 1st quarter valued at about $1,776,000. The Manufacturers Life Insurance Company increased its holdings in shares of GDS by 1,609.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 218,752 shares of the company’s stock valued at $12,680,000 after purchasing an additional 205,952 shares in the last quarter. Phoenix Holdings Ltd. purchased a new position in shares of GDS in the 1st quarter valued at about $1,343,000. Finally, Johnson Investment Counsel Inc. purchased a new position in GDS during the 1st quarter valued at about $717,000. Institutional investors and hedge funds own 84.15% of the company’s stock.
GDS traded up $0.36 during trading hours on Friday, hitting $81.92. 1,442,742 shares of the company’s stock were exchanged, compared to its average volume of 1,935,944. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.66. GDS has a 12-month low of $34.15 and a 12-month high of $84.00. The firm has a market cap of $12.46 billion, a P/E ratio of -190.51 and a beta of 1.42. The firm has a 50 day moving average of $63.81 and a 200 day moving average of $57.00.
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, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.
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