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

GigaCloud Technology

15/03/2024 13:32

* GigaCloud Technology Inc  GCT.OQ  reported quarterly
adjusted
earnings of 94 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 29 cents.  The lone analyst forecast for
the quarter was for earnings of 58 cents per share. 
    * Revenue rose 94.8% to $244.74 million from a year ago;
analysts
expected $224.15 million. 
    * GigaCloud Technology Inc's reported EPS for the quarter
was 87
cents​.
    * The company reported quarterly net income of $35.58
million.
    * GigaCloud Technology Inc shares had risen by 91.3% this
quarter.

FORECAST CHANGES
    * 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.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for GigaCloud
Technology Inc is $29.00 

This summary was machine generated from LSEG data March 15 at
01:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.58           0.94           Beat
 Sep. 30 2023      0.38           0.59           Beat
 Jun. 30 2023      0.37           0.45           Beat