News of a significant price-target boost from an analyst tracking GDS Holdings (GDS 7.20%) was the main catalyst behind the stock's jump on Monday. It rose by more than 7% that day on the move, a far greater rise than the 0.6% posted by the bellwether S&P 500 index.
GDS Holdings (GDS) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Here is how GDS Holdings (GDS) and Sezzle Inc. (SEZL) have performed compared to their sector so far this year.
GDS Holdings (GDS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here is how GDS Holdings (GDS) and NextNav Inc. (NN) have performed compared to their sector so far this year.
GDS Holdings Limited's Q3 2024 revenue and EPS met expectations, but margin pressures, AI impact skepticism, and high international capex are key concerns. Despite strong YTD performance, international growth faces headwinds from elevated capex, competition, and regulatory risks, impacting execution. China's growth is stagnant due to soft demand, delayed AI impact, and customer churn, with increased power costs reducing EBITDA margins.
Why GDS Holdings Stock Plummeted 16% Today
GDS Holdings Limited (NASDAQ:GDS ) Q3 2024 Earnings Conference Call November 19, 2024 8:00 AM ET Company Participants Laura Chen - Head of IR William Huang - Chairman, CEO Daniel Newman - CFO Conference Call Participants Yang Liu - Morgan Stanley Jonathan Atkin - RBC Capital Markets Louis Tsang - Citi Frank Louthan - Raymond James Edison Lee - Jefferies Sara Wang - UBS Operator Hello ladies and gentlemen, thank you for standing by for GDS Holdings Limited Third Quarter 2024 Earnings Conference Call. At this time all participants are in listen-only mode.
GDS Holdings (GDS) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to loss of $0.32 per share a year ago.
GDS Holdings (GDS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Chinese stocks are capturing attention today as investors react to recent stimulus measures by the Chinese government alongside a strong U.S. jobs report. Interestingly, despite positive analyst upgrades, PDD Holdings (PDD, Financial) experienced a dip of 1.96% in its stock price, currently trading at $151.24.
Analysts are now conflicted on Chinese stocks after an epic run over the past few weeks.