GigaCloud Technology (GCT) Expected to Announce Quarterly Earnings on Friday

GigaCloud Technology (NASDAQ:GCT) is expected to be announcing its earnings results before the market opens on Friday, March 21st. Analysts expect the company to announce earnings of $0.90 per share for the quarter. GigaCloud Technology has set its Q1 2025 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

GigaCloud Technology (NASDAQ:GCT) last posted its quarterly earnings data on Monday, March 3rd. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.14). The firm had revenue of $295.78 million for the quarter, compared to analyst estimates of $290.00 million. GigaCloud Technology had a return on equity of 40.32% and a net margin of 11.75%. During the same quarter last year, the company earned $0.87 earnings per share. On average, analysts expect GigaCloud Technology to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

GigaCloud Technology Stock Down 3.3 %

GCT stock opened at $14.41 on Wednesday. The firm has a market cap of $577.35 million, a price-to-earnings ratio of 4.56 and a beta of 2.05. The company’s fifty day simple moving average is $18.74 and its 200 day simple moving average is $20.83. GigaCloud Technology has a 12-month low of $13.60 and a 12-month high of $41.31.

Analyst Upgrades and Downgrades

A number of analysts have commented on GCT shares. Roth Mkm cut shares of GigaCloud Technology from a “buy” rating to a “neutral” rating and cut their price target for the company from $32.00 to $15.00 in a research report on Tuesday, March 4th. Roth Capital cut shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Lake Street Capital cut their price objective on shares of GigaCloud Technology from $50.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, GigaCloud Technology has an average rating of “Moderate Buy” and an average target price of $36.67.

Insider Transactions at GigaCloud Technology

In other GigaCloud Technology news, insider Marshall Bernes acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average cost of $17.50 per share, with a total value of $87,500.00. Following the acquisition, the insider now owns 45,000 shares in the company, valued at approximately $787,500. This represents a 12.50 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 43.00% of the stock is currently owned by company insiders.

GigaCloud Technology Company Profile

GigaCloud Technology Inc provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally. The company offers GigaCloud Marketplace integrates product discovery to payments to logistics tools into one easy-to-use platform. Its marketplace connects manufacturers primarily in Asia with resellers in the United States, Asia, and Europe to execute cross-border transactions across furniture, home appliance, fitness equipment, and other large parcel categories.