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

GigaCloud Technology (NASDAQ:GCT) will likely 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.Parties that are interested in registering for the company’s conference call can do so using this link.

GigaCloud Technology (NASDAQ:GCT) last released its quarterly earnings results 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 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 in the previous 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 Price Performance

Shares of GCT opened at $14.35 on Friday. The firm has a market capitalization of $574.95 million, a P/E ratio of 4.54 and a beta of 2.05. GigaCloud Technology has a one year low of $13.60 and a one year high of $45.18. The business has a fifty day moving average of $19.07 and a 200 day moving average of $20.94.

Insider Transactions at GigaCloud Technology

In other GigaCloud Technology news, CTO Xin Wan sold 68,437 shares of GigaCloud Technology 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 sale, the chief technology officer now directly owns 1,563 shares in the company, valued at approximately $31,932.09. The trade was a 97.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marshall Bernes purchased 5,000 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was bought at an average price of $17.50 per share, for a total transaction of $87,500.00. Following the purchase, 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 disclosure for this purchase can be found here. Corporate insiders own 43.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Roth Mkm cut GigaCloud Technology from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $32.00 to $15.00 in a research report on Tuesday, March 4th. Lake Street Capital lowered their price target on shares of GigaCloud Technology from $50.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, Roth Capital lowered shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.67.

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.