GigaCloud Technology (GCT) Scheduled to Post Quarterly Earnings on Thursday

GigaCloud Technology (NASDAQ:GCT) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect GigaCloud Technology to post earnings of $0.67 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

GigaCloud Technology (NASDAQ:GCT) last issued its earnings results on Tuesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.32. The company had revenue of $310.90 million during the quarter, compared to analyst estimates of $275.47 million. GigaCloud Technology had a net margin of 11.57% and a return on equity of 39.75%. The company’s revenue for the quarter was up 102.8% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. 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 Stock Up 2.0 %

Shares of NASDAQ:GCT traded up $0.46 during trading on Tuesday, reaching $23.15. 432,849 shares of the company traded hands, compared to its average volume of 2,229,442. The firm has a market cap of $957.48 million, a P/E ratio of 8.19 and a beta of 1.78. The firm has a fifty day simple moving average of $22.04 and a 200 day simple moving average of $27.49. GigaCloud Technology has a 1-year low of $8.28 and a 1-year high of $45.18.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Lake Street Capital assumed coverage on shares of GigaCloud Technology in a report on Monday, July 29th. They set a “buy” rating and a $50.00 price objective on the stock. Aegis raised shares of GigaCloud Technology to a “strong-buy” rating in a research note on Wednesday, August 14th.

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.