GDS Holdings Ltd reports results for the quarter ended in March - Earnings Summary

GDS Holdings

23/05/2024 21:01

* GDS Holdings Ltd  9698.HK  reported a quarterly adjusted
loss
of 24 fen​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of -33 fen.  The mean expectation of two analysts for the
quarter was for a loss of 28 fen per share. Wall Street expected
results to range from -30 fen to -25 cents per share.
    * Revenue rose 9.1% to CNY2.63 billion from a year ago;
analysts
expected CNY2.67 billion. 
    * GDS Holdings Ltd's reported EPS for the quarter was a loss
of 24
fen​.
    * The company reported a quarterly loss of $359.29 million.
    * GDS Holdings Ltd shares had risen by 40.5% this
quarter and
lost 1.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for GDS Holdings Ltd
is HK$14.83 
This summary was machine generated from LSEG data May 23 at
08:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.27          -0.24          Beat
 Dec. 31 2023      -0.29          -0.11          Beat
 Sep. 30 2023      -0.29          -0.30          Missed
 Jun. 30 2023      -0.31          -0.16          Beat