SunTrust Banks Weighs in on GDS Holdings Ltd -‘s Q3 2020 Earnings (GDS)

GDS Holdings Ltd – (NASDAQ:GDS) – SunTrust Banks reduced their Q3 2020 earnings per share (EPS) estimates for shares of GDS in a research note issued on Tuesday, May 14th. SunTrust Banks analyst G. Miller now anticipates that the company will earn $0.01 per share for the quarter, down from their prior estimate of $0.04. SunTrust Banks also issued estimates for GDS’s Q4 2020 earnings at $0.02 EPS.

Other equities research analysts also recently issued research reports about the stock. BidaskClub raised shares of GDS from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. TheStreet downgraded shares of GDS from a “c-” rating to a “d” rating in a research report on Monday, May 6th. Zacks Investment Research downgraded shares of GDS from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Credit Suisse Group set a $42.00 target price on shares of GDS and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.75.

GDS stock opened at $38.40 on Thursday. GDS has a 12-month low of $18.59 and a 12-month high of $46.18. The firm has a market cap of $3.90 billion, a P/E ratio of -75.29 and a beta of 3.18. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.05.

GDS (NASDAQ:GDS) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.05). GDS had a negative return on equity of 7.56% and a negative net margin of 15.41%. The firm had revenue of $891.80 million for the quarter, compared to analysts’ expectations of $888.42 million. During the same period last year, the firm earned ($0.71) EPS. The business’s quarterly revenue was up 58.6% on a year-over-year basis.

Several large investors have recently made changes to their positions in GDS. SeaBridge Investment Advisors LLC grew its position in shares of GDS by 100.0% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 1,000 shares of the company’s stock valued at $36,000 after buying an additional 500 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of GDS by 77.5% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,692 shares of the company’s stock valued at $96,000 after buying an additional 1,175 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of GDS during the 1st quarter valued at about $124,000. Cowen Prime Services LLC bought a new stake in shares of GDS during the 1st quarter valued at about $143,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of GDS during the 1st quarter valued at about $166,000. 54.07% of the stock is owned by institutional investors and hedge funds.

GDS Company Profile

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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Earnings History and Estimates for GDS (NASDAQ:GDS)

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