GigaCloud Technology Inc expected to post earnings of 71 cents a share - Earnings Preview

GigaCloud Technology

02/08/2024 23:27

* GigaCloud Technology Inc  GCT.OQ   GCT.O  is expected
to show a
rise in quarterly revenue when it reports  results on August 6
for the period ending June 30 2024
    * The  Hong Kong-based   company is expected to report a
79.9% increase in revenue to $275.467 million from $153.13
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for GigaCloud Technology Inc
is
for earnings of 71 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for GigaCloud
Technology Inc is $52.94​, above​ its last closing price
of $25.56. ​​​

This summary was machine generated August 2 at 22:26 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)