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GDS Holdings (GDS) Stock Jumps 5.2%: Will It Continue to Soar?
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GDS Holdings (GDS - Free Report) shares soared 5.2% in the trading session on Tuesday to close at $9.08. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 50.4% loss over the past four weeks.
The stock is benefiting from the company’s strategic expansion into Southeast Asia and strong customer relationships.
This company is expected to post quarterly loss of $0.36 per share in its upcoming report, which represents a year-over-year change of -24.1%. Revenues are expected to be $353.3 million, up 10.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For GDS Holdings, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on GDS going forward to see if this recent jump can turn into more strength down the road.
GDS Holdings belongs to the Zacks Technology Services industry. Another stock from the same industry, Arbe Robotics Ltd. (ARBE - Free Report) , closed the last trading session 3.1% higher at $4.95. Over the past month, ARBE has returned -18.7%.
Arbe Robotics Ltd.'s consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.17. Compared to the company's year-ago EPS, this represents a change of +79.8%. Arbe Robotics Ltd. currently boasts a Zacks Rank of #3 (Hold).
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GDS Holdings (GDS) Stock Jumps 5.2%: Will It Continue to Soar?
GDS Holdings (GDS - Free Report) shares soared 5.2% in the trading session on Tuesday to close at $9.08. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 50.4% loss over the past four weeks.
The stock is benefiting from the company’s strategic expansion into Southeast Asia and strong customer relationships.
This company is expected to post quarterly loss of $0.36 per share in its upcoming report, which represents a year-over-year change of -24.1%. Revenues are expected to be $353.3 million, up 10.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For GDS Holdings, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on GDS going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
GDS Holdings belongs to the Zacks Technology Services industry. Another stock from the same industry, Arbe Robotics Ltd. (ARBE - Free Report) , closed the last trading session 3.1% higher at $4.95. Over the past month, ARBE has returned -18.7%.
Arbe Robotics Ltd.'s consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.17. Compared to the company's year-ago EPS, this represents a change of +79.8%. Arbe Robotics Ltd. currently boasts a Zacks Rank of #3 (Hold).