GigaCloud Technology Inc reports results for the quarter ended in December - Earnings Summary

GigaCloud Technology

17/03/2023 13:31

* GigaCloud Technology Inc  GCT.OQ  reported quarterly
adjusted
earnings of 29 cents​​ per share for the quarter ended in
December. The lone analyst forecast for the quarter was
for earnings of 9 cents per share.
    * Revenue was $125.60 million​; analysts expected $128.00
million. 
    * GigaCloud Technology Inc's reported EPS for the quarter
was 31
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * GigaCloud Technology Inc shares had risen by 3.5% this
quarter.
    * The company reported quarterly net income of $12.48
million.
    * Wall Street's median 12-month price target for GigaCloud
Technology Inc is $26.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 17 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.09           0.29           Beat
 Sep. 30 2022      -0.17          -0.01          Beat