GDS Stock Recent News
GDS LATEST HEADLINES
GDS Holdings (GDS) delivered earnings and revenue surprises of 54.29% and 3.69%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
SHANGHAI, China, March 05, 2023 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that it will report its fourth quarter and full year 2022 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on March 15, 2023.
GDS stands to benefit from the post-COVID reopening in China. Efforts to expand overseas and rebalance the customer mix also bode well for growth.
The consensus price target hints at a 36.1% upside potential for GDS Holdings (GDS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Will reopening in 2023 help Chinese stocks?
Chinese stocks got a huge bounce on hopes of reopening after massive protests in the country.
GDS Holdings (GDS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Quarterly results didn't show the kind of improvement investors would like to see right now.
GDS Holdings Limited (NASDAQ:GDS ) Q3 2022 Earnings Conference Call November 22, 2022 7:00 PM ET Company Participants Laura Chen - Head Investor Relations William Huang - Founder, Chairman & Chief Executive Officer Dan Newman - Chief Financial Officer Jamie Khoo - Chief Operating Officer Conference Call Participants Yang Liu - Morgan Stanley Tina Hou - Goldman Sachs Gokul Hariharan - J.P. Morgan Michael Elias - Cowen Frank Louthan - Raymond James Sara Wang - UBS Mingran Li - CICC Operator Hello, ladies and gentlemen.
GDS Holdings (GDS) delivered earnings and revenue surprises of 25% and 5.22%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?