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What's in the Cards for GDS Holdings' (GDS) Q4 Earnings?
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GDS Holdings Limited’s (GDS - Free Report) stock has gained 48.6% over the past year against the 15.7% decline of the industry it belongs to. The company is slated to report fourth-quarter 2019 results on Mar 19, before the bell.
Q4 Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $163.8 million, indicating 35.8% growth from the year-ago quarter’s actual figure. The top line is expected to have benefited from increase in total area committed. Notably, burgeoning cloud adoption in China is driving demand from cloud services providers and new commitments from large Internet and financial service institution customers.
In the third quarter of 2019, revenues of $149.2 million increased 34.3% year over year.
The Zacks Consensus Estimate for GDS’s bottom line is pegged at a loss of 6 cents for the to-be-reported quarter, indicating improvement from loss of 14 cents incurred in the fourth quarter of 2018. The bottom line is expected to have benefited from operating leverage.
In the third quarter of 2019, the company incurred loss of 12 cents that narrowed 14.3% year over year.
Long-term expected EPS (three to five years) growth rate for Interpublic, Omnicom and Genpact is 4.5%, 5.6% and 14%, respectively.
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What's in the Cards for GDS Holdings' (GDS) Q4 Earnings?
GDS Holdings Limited’s (GDS - Free Report) stock has gained 48.6% over the past year against the 15.7% decline of the industry it belongs to. The company is slated to report fourth-quarter 2019 results on Mar 19, before the bell.
Q4 Expectations
The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $163.8 million, indicating 35.8% growth from the year-ago quarter’s actual figure. The top line is expected to have benefited from increase in total area committed. Notably, burgeoning cloud adoption in China is driving demand from cloud services providers and new commitments from large Internet and financial service institution customers.
In the third quarter of 2019, revenues of $149.2 million increased 34.3% year over year.
GDS HOLDINGS Revenue (TTM)
GDS HOLDINGS revenue-ttm | GDS HOLDINGS Quote
The Zacks Consensus Estimate for GDS’s bottom line is pegged at a loss of 6 cents for the to-be-reported quarter, indicating improvement from loss of 14 cents incurred in the fourth quarter of 2018. The bottom line is expected to have benefited from operating leverage.
In the third quarter of 2019, the company incurred loss of 12 cents that narrowed 14.3% year over year.
Zacks Rank & Stocks to Consider
GDS currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader Zacks Business Services sector are Interpublic (IPG - Free Report) , Omnicom (OMC - Free Report) and Genpact (G - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term expected EPS (three to five years) growth rate for Interpublic, Omnicom and Genpact is 4.5%, 5.6% and 14%, respectively.
Zacks Top 10 Stocks for 2020
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?
Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2020 today >>