GDS Holdings First Quarter 2024 Earnings: Misses Expectations

GDS Holdings (NASDAQ:GDS) First Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.63b (up 9.1% from 1Q 2023).
• Net loss: CN¥359.3m (loss narrowed by 27% from 1Q 2023).
• CN¥1.96 loss per share (improved from CN¥2.67 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

GDS Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are down 15% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 3 warning signs for GDS Holdings that you need to be mindful of.

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