Why GDS Holdings (GDS) Could Be Positioned for a Surge
GDS Holdings Limited GDS is a developer and operator of high-performance data centers in China that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on GDS’ earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that GDS Holdings could be a solid choice for investors.
Current Quarter Estimates for GDS
In the past 30 days, three estimates have gone higher for GDS Holdings while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss 12 cents a share 30 days ago, to a loss of 9 cents today, a move of 25%.
Current Year Estimates for GDS
Meanwhile, GDS Holdings’ current year figures are also looking quite promising, with five estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 51 cents per share 30 days ago to a loss of 39 cents per share today, an increase of 23.5%.
GDS HOLDINGS Price and Consensus
The stock has also started to move higher lately, adding 8.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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