GDS Holdings Reports Q3 EPS Beat, While Revenues Miss Expectations
<p><a href='https://financialmodelingprep.com/financial-summary/GDS'>GDS Holdings Limited (NASDAQ:GDS)</a> reported its Q3 results last week, with EPS of (RMB 0.03) coming in better than the Street estimate of (RMB 0.33). Revenue was RMB 332.8 million, missing the Street estimate by 5.22%.</p>
<p>Through Q3/22-to-date, new bookings totaled 61,000 sqm, including 28,000 sqm from International. Management expects to surpass its 70,000 sqm bookings target for 2022 and believes it can maintain momentum in the next few quarters based on early signs of recovery in customer demand. The backlog increased to 258,000 sqm.</p>
<p>Analysts at RBC Capital lowered their price target to $15 from $22 on a slower recovery ramp from macro-related pressures and more conservative valuation parameters.</p>

NASDAQ:GDS