GigaCloud Technology (GCT) Projected to Post Quarterly 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 the company to announce 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 released 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 net margin of 11.75% and a return on equity of 40.32%. The firm had revenue of $295.78 million during the quarter, compared to analyst estimates of $290.00 million. During the same period in the prior year, the company earned $0.87 EPS. 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 4.3 %

GCT traded up $0.57 during trading on Tuesday, reaching $13.77. 425,389 shares of the company's stock were exchanged, compared to its average volume of 1,413,984. GigaCloud Technology has a one year low of $11.17 and a one year high of $41.10. The firm has a fifty day moving average price of $13.94 and a two-hundred day moving average price of $18.77. The stock has a market capitalization of $551.71 million, a PE ratio of 4.36 and a beta of 2.16.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GCT shares. Roth Mkm downgraded shares of GigaCloud Technology from a "buy" rating to a "neutral" rating and decreased their target price for the company from $32.00 to $15.00 in a research report on Tuesday, March 4th. Roth Capital downgraded shares of GigaCloud Technology from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Lake Street Capital dropped their target price 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. Two 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.67.

About GigaCloud Technology

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.