Yahoo Finance GDS Holdings Full Year 2023 Earnings: EPS Misses Expectations
GDS Holdings (NASDAQ:GDS) Full Year 2023 Results
Key Financial Results
Revenue: CN¥9.96b (up 6.8% from FY 2022).
Net loss: CN¥4.34b (loss widened by 188% from FY 2022).
CN¥23.67 loss per share (further deteriorated from CN¥8.25 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GDS Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.
In the last 12 months, the only revenue segment was Design, Build-Out and Operation of Data Centers contributing CN¥9.96b. Notably, cost of sales worth CN¥8.03b amounted to 81% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling CN¥4.90b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how GDS's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are up 23% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for GDS Holdings that you should be aware of.
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