GDS (GDS) Expected to Announce Quarterly Earnings on Wednesday

GDS (NASDAQ:GDS) is anticipated to post its quarterly earnings results before the market opens on Wednesday, March 19th. Analysts expect GDS to post earnings of ($0.22) per share and revenue of $3.11 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

GDS Stock Up 0.5 %

GDS stock opened at $35.45 on Tuesday. GDS has a twelve month low of $5.85 and a twelve month high of $52.50. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.25. The company has a market capitalization of $6.76 billion, a P/E ratio of -11.62 and a beta of 0.07. The firm has a 50 day simple moving average of $31.11 and a 200-day simple moving average of $24.24.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GDS. Royal Bank of Canada downgraded shares of GDS from an “outperform” rating to a “sector perform” rating and boosted their price target for the company from $26.00 to $37.00 in a report on Tuesday, February 25th. Raymond James boosted their price target on shares of GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a report on Friday, February 21st. Daiwa Capital Markets raised shares of GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Citizens Jmp raised shares of GDS to a “strong-buy” rating in a report on Monday, January 27th. Finally, Jefferies Financial Group downgraded shares of GDS from a “buy” rating to a “hold” rating and upped their price objective for the stock from $27.06 to $45.00 in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.23.

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.