GigaCloud Technology (NASDAQ:GCT – Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect GigaCloud Technology to post earnings of $0.51 per share for the quarter. GigaCloud Technology has set its Q1 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.
GigaCloud Technology (NASDAQ:GCT – Get Free Report) last issued its earnings results on Friday, March 15th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.29. GigaCloud Technology had a net margin of 13.37% and a return on equity of 36.40%. The firm had revenue of $244.74 million during the quarter, compared to the consensus estimate of $220.30 million. On average, analysts expect GigaCloud Technology to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
GigaCloud Technology Price Performance
GigaCloud Technology stock opened at $40.09 on Wednesday. The stock’s fifty day moving average is $33.94 and its two-hundred day moving average is $23.61. The stock has a market cap of $1.64 billion, a PE ratio of 17.43 and a beta of 1.99. GigaCloud Technology has a 1-year low of $5.00 and a 1-year high of $45.18.
Insider Activity at GigaCloud Technology
Wall Street Analyst Weigh In
Separately, Roth Mkm boosted their target price on GigaCloud Technology from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd.
Get Our Latest Stock Analysis on GCT
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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