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

GigaCloud Technology (NASDAQ:GCT - Get Free Report) is projected to issue its quarterly earnings data 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.Persons interested in registering for the company's earnings conference call can do so using this link.

GigaCloud Technology (NASDAQ:GCT - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.76 EPS 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 the consensus estimate of $290.00 million. GigaCloud Technology had a net margin of 11.75% and a return on equity of 40.32%. During the same period last year, the company posted $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 Price Performance

NASDAQ GCT opened at $14.35 on Friday. The stock has a market capitalization of $574.95 million, a PE ratio of 4.54 and a beta of 2.05. GigaCloud Technology has a 1 year low of $13.60 and a 1 year high of $45.18. The business's 50-day moving average is $19.07 and its 200 day moving average is $20.94.

Insiders Place Their Bets

In related news, insider Marshall Bernes bought 5,000 shares of the company's stock in a transaction on Friday, December 27th. The shares were acquired at an average cost of $17.50 per share, with a total value of $87,500.00. Following the completion of the acquisition, the insider now owns 45,000 shares of the company's stock, valued at $787,500. The trade was a 12.50 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Xin Wan sold 68,437 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $20.43, for a total value of $1,398,167.91. Following the transaction, the chief technology officer now owns 1,563 shares of the company's stock, valued at $31,932.09. The trade was a 97.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 43.00% of the company's stock.

Wall Street Analysts Forecast Growth

GCT has been the topic of several research reports. Lake Street Capital cut their price objective on GigaCloud Technology from $50.00 to $26.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Roth Capital lowered GigaCloud Technology from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Roth Mkm cut GigaCloud Technology from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $32.00 to $15.00 in a research note on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.67.

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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.

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