GigaCloud Technology (GCT) Projected to Post Earnings on Thursday

GigaCloud Technology (NASDAQ:GCT - Get Free Report) is expected to announce its Q1 2025 earnings results before the market opens on Thursday, May 8th. Analysts expect GigaCloud Technology to post earnings of $0.46 per share and revenue of $259.80 million for the quarter. GigaCloud Technology has set its Q1 2025 guidance at EPS.

GigaCloud Technology (NASDAQ:GCT - Get Free Report) last issued its quarterly earnings data on Monday, March 3rd. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.14). GigaCloud Technology had a return on equity of 40.32% and a net margin of 11.75%. The business had revenue of $295.78 million for the quarter, compared to analysts' expectations of $290.00 million. During the same period in the previous year, the business 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 Trading Up 6.5 %

Shares of NASDAQ GCT traded up $0.83 during midday trading on Friday, reaching $13.64. 859,535 shares of the company were exchanged, compared to its average volume of 1,436,875. The stock has a market cap of $546.50 million, a P/E ratio of 4.32 and a beta of 2.12. GigaCloud Technology has a 1 year low of $11.17 and a 1 year high of $41.31. The stock has a fifty day simple moving average of $14.13 and a 200 day simple moving average of $18.97.

GigaCloud Technology announced that its Board of Directors has approved a stock repurchase program on Wednesday, April 2nd that authorizes the company to buyback $16.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 2.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Roth Capital lowered shares of GigaCloud Technology from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Lake Street Capital reduced their price objective on GigaCloud Technology from $50.00 to $26.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, Roth Mkm cut GigaCloud Technology from a "buy" rating to a "neutral" rating and dropped their price target for the company from $32.00 to $15.00 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. According to MarketBeat, GigaCloud Technology currently has an average rating of "Moderate Buy" and a consensus 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.