* GDS Holdings Ltd 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
