Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. GDS Holdings (GDS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.GDS Holdings is one of 303 companies in the Business Services group. The Business Ser ...

Core Insights - GDS Holdings Limited reported Q3 2024 revenue and EPS that were largely in line with consensus expectations, indicating stable performance in the current market environment [1] - There are growing concerns regarding margin pressure, skepticism about the timing of AI's impact, and elevated capital expenditures related to international growth [1] Financial Performance - The revenue and EPS figures for Q3 2024 were consistent with market expectations, suggesting that the company is maintaining its financial stability despite external pressures [1] Market Concerns - Analysts are expressing concerns about increasing margin pressure, which could affect profitability in the near term [1] - There is skepticism surrounding the timing of AI's impact on the company's operations and growth potential, indicating uncertainty in future performance [1] - Elevated capital expenditures for international growth may pose additional challenges, potentially impacting cash flow and financial flexibility [1]

News of higher capital expenditures than previously expected put the hurt on GDS Holdings (GDS -16.22%) stock on Tuesday. The Chinese data center specialist reported third-quarter earnings that beat on the bottom line, but investors were clearly more concerned with those looming expenses. The company's shares closed the day 16% down in value, in contrast to the S&P 500 index's 0.4% gain.A mixed third frameFor the quarter, GDS managed to lift its revenue nearly 18% higher year over year to 2.97 billion yuan ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.81%. A quarter ago, it was expected that this company would post a loss of $0.25 per share when it actually produced a loss of $0.18, delivering a surprise of 28%.Over the last four quarters, the company has surpassed conse ...

| --- | --- | |------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | 3Q24 Earnings Call | | | 19 November 2024 | | | NASDAQ: GDS HKEX: 9698 | | DISCLAIMER © GDS 2016 1 This presentation contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward -looking statements can be identified by terminology such as "may," "will," "expect ...

Financial Performance - Net revenue for Q3 2024 increased by 17.7% year-over-year to RMB2,965.7 million (US$422.6 million) from RMB2,519.0 million in Q3 2023[5] - Net loss for Q3 2024 was RMB231.1 million (US$32.9 million), a significant improvement from a net loss of RMB420.8 million in Q3 2023[6][30] - Adjusted EBITDA for Q3 2024 rose by 15.0% year-over-year to RMB1,295.7 million (US$184.6 million) compared to RMB1,126.3 million in Q3 2023[6][31] - Gross profit margin improved to 22.2% in Q3 2024, compared to 17.8% in the same period last year[22] - The company confirmed total revenue guidance for 2024 of RMB 11,340 – RMB 11,760 million and Adjusted EBITDA of RMB 4,950 – RMB 5,150 million[60] Operational Metrics - Total area committed and pre-committed increased by 20.2% year-over-year to 785,692 sqm as of September 30, 2024[8] - Area in service grew by 16.8% year-over-year to 647,468 sqm as of September 30, 2024[9] - Commitment rate for area in service was 92.7% as of September 30, 2024, up from 91.9% in the same period last year[10] - Total area committed and pre-committed at the end of Q3 2024 was 158,910 sqm, an increase of 256.4% YoY and 11.2% Qo-Q[50] - Area in service at the end of Q3 2024 was 51,862 sqm, reflecting a 281.2% YoY increase and 2.1% Qo-Q increase[51] - Area under construction at the end of Q3 2024 was 114,319 sqm, up 189.6% YoY and 5.4% Qo-Q[53] - Commitment rate for area in service was 99.3% at the end of Q3 2024, compared to 100% at the end of Q3 2023[54] - Area utilized at the end of Q3 2024 was 43,165 sqm, a 692.1% YoY increase and 1.1% Qo-Q[55] - Utilization rate for area in service was 83.2% at the end of Q3 2024, compared to 40.1% at the end of Q3 2023[56] International Operations - Net revenue for international operations surged by 636.3% year-over-year to RMB363.2 million (US$51.8 million) from RMB49.3 million in Q3 2023[18] - GDS International entered into agreements for US$1.0 billion of Series B convertible preferred shares, implying a value of approximately US$1.3 billion for GDSH's equity interest[57][59] - Two new data centers initiated construction in Batam, Indonesia, with a total net floor area of 7,417 sqm, both 100% pre-committed[53] Cash and Debt Position - Cash position as of September 30, 2024, was RMB9,408.5 million (US$1,340.7 million)[36] - Total gross debt for GDSH was RMB43,361.6 million (US$6,179.0 million) as of September 30, 2024[40] - Total current assets decreased to RMB 10,983,653 as of December 31, 2023, down from RMB 14,295,612 as of September 30, 2023[82] - Total liabilities decreased to RMB 54,322,887 as of December 31, 2023, from RMB 57,548,895 as of September 30, 2023[82] - Cash and cash equivalents were RMB 7,710,711 as of December 31, 2023, down from RMB 9,408,464 as of September 30, 2023[82] - Gross debt as of December 31, 2023, was RMB 46,417,007, down from RMB 49,285,979 as of September 30, 2023[101] - Cash balance as of December 31, 2023, was RMB 7,710,711, a decrease from RMB 9,408,464 as of September 30, 2023[101] Expenses and Losses - Operating expenses for the three months ended September 30, 2023, included selling and marketing expenses of RMB 38,912, a decrease from RMB 35,020 in the previous quarter[86] - Research and development expenses for the three months ended September 30, 2023, were RMB 10,529, slightly lower than RMB 8,628 in the previous quarter[86] - The company reported a comprehensive loss of RMB 400,570 for the three months ended September 30, 2023[88] - The net loss attributable to GDS Holdings Limited shareholders for the three months ended September 30, 2023, was RMB 434,926, an increase from RMB 205,958 in the previous quarter[86] - The company reported a decrease in net cash increase of RMB (629,845) for the three months ended September 30, 2023[90] - Net interest expenses for the three months ended September 30, 2023, were RMB 503,156, with income tax expenses of RMB 20,945[94] Future Outlook - The company plans to continue its market expansion and product development strategies in the upcoming quarters[100]

SHANGHAI, China, Nov. 19, 2024 (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 and South East Asia, today announced its unaudited financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights Net revenue increased by 17.7% year-over-year ("Y-o-Y") to RMB2,965.7 million (US$422.6 million) in the third quarter of 2024 (3Q2023: RMB2, ...

Wall Street expects a year-over-year increase in earnings on higher revenues when GDS Holdings (GDS) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 19, 2024, might help the stock move higher if these key numbers are better tha ...

LOS ANGELES, Nov. 11, 2024 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that the United States District Court for the Central District of California has approved the following announcement of a proposed class action settlement that would benefit purchasers of GDS Holdings Limited publicly-traded American Depositary Shares (NASDAQ: GDS): UNITED STATES DISTRICT COURTCENTRAL DISTRICT OF CALIFORNIA    LARRY BERGMANN, Individually and on behalf of all others similarly situated, Case No. 2:23-cv-04900-J ...

SHANGHAI, China, Nov. 05, 2024 (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 and South East Asia, today announced that it will report its third quarter 2024 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on November 19, 2024. The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern T ...