GigaCloud Technology (GCT) to Release Earnings on Friday

GigaCloud Technology (NASDAQ:GCT) will likely be releasing its earnings data before the market opens on Friday, March 21st. Analysts expect GigaCloud Technology to post earnings of $0.90 per share for the quarter. GigaCloud Technology has set its Q1 2025 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

GigaCloud Technology (NASDAQ:GCT) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.14). The company 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 in the previous year, the business 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 Trading Up 2.9 %

Shares of NASDAQ GCT opened at $14.83 on Thursday. The company has a fifty day moving average price of $18.64 and a 200 day moving average price of $20.79. GigaCloud Technology has a 1-year low of $13.60 and a 1-year high of $41.31. The firm has a market cap of $594.18 million, a PE ratio of 4.69 and a beta of 2.05.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on GCT shares. Lake Street Capital decreased their price target on shares of GigaCloud Technology from $50.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Roth Mkm lowered shares of GigaCloud Technology from a “buy” rating to a “neutral” rating and lowered their price target for the company from $32.00 to $15.00 in a research note on Tuesday, March 4th. Finally, Roth Capital cut shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.67.

Insiders Place Their Bets

In other news, insider Marshall Bernes purchased 5,000 shares of GigaCloud Technology stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average price of $17.50 per share, for a total transaction of $87,500.00. Following the transaction, the insider now owns 45,000 shares of the company’s stock, valued at approximately $787,500. The trade was a 12.50 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 43.00% of the company’s stock.

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.