GigaCloud Technology (NASDAQ:GCT) Releases Earnings Results, Beats Estimates By $0.22 EPS

GigaCloud Technology (NASDAQ:GCT - Get Free Report) released its quarterly earnings data on Monday. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.22, Zacks reports. GigaCloud Technology had a return on equity of 40.32% and a net margin of 11.75%. The company's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 earnings per share. GigaCloud Technology updated its Q2 2025 guidance to EPS.

GigaCloud Technology Stock Performance

Shares of NASDAQ:GCT traded up $1.40 on Monday, hitting $15.90. The stock had a trading volume of 2,306,785 shares, compared to its average volume of 1,379,506. GigaCloud Technology has a twelve month low of $11.17 and a twelve month high of $38.68. The firm's 50 day moving average price is $13.84 and its 200-day moving average price is $18.48. The company has a market capitalization of $637.05 million, a price-to-earnings ratio of 5.03 and a beta of 2.16.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on GCT. Lake Street Capital reduced their price target on GigaCloud Technology from $50.00 to $26.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Roth Capital lowered GigaCloud Technology from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Roth Mkm downgraded GigaCloud Technology from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $32.00 to $15.00 in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.