GDS Holdings Ltd reports results for the quarter ended June 30 - Earnings Summary

• GDS Holdings Ltd 9698 reported a quarterly adjusted loss of 48 fen​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of CNY-1.28. The mean expectation of six analysts for the quarter was for a loss of 60 fen per share. Wall Street expected results to range from CNY-1.04 to -6 fen per share.

• Revenue rose 2.6% to CNY2.90 billion from a year ago; analysts expected CNY2.84 billion.

• GDS Holdings Ltd's reported EPS for the quarter was a loss of 48 fen​.

• The company reported a quarterly loss of CNY85.92 million.

• GDS Holdings Ltd shares had risen by 3.3% this quarter and gained 33.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.8% 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 18 "strong buy" or "buy," no "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 $46.30, about 31.8% above its last closing price of $31.59

This summary was machine generated from LSEG data August 20 at 01:30 p.m. UTC. ​All figures in Chinese yuan renminbi 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)