GigaCloud Technology Inc. (GCT) is scheduled to report its first-quarter 2024 results on May 9, before the bell.We expect a significant year-over-year improvement in the company’s top line in the to-be-reported quarter, driven by an increase in both service and product revenues. The current Zacks Consensus Estimate for total revenues stands at $235 million, indicating 83.9% growth from the year-ago reported quarter.We are expecting the company to report strong growth from last-mile delivery, ocean transport ...

GigaCloud Technology Inc. (GCT) will report its first-quarter 2024 results on May 9, before the bell.Let’s check out how GCT is currently doing.Stock Looks Cheap Despite Massive Price RiseThe stock has gained a massive 100% year to date, significantly outperforming the 13.1% rally of the industry it belongs to. But GCT is still trading at a forward sales multiple of 13.8X, significantly below the industry’s 39.41X.Company Well Poised on Recent AcquisitionsIn late 2023, GCT completed the acquisitions of Nobl ...

Investors should look for companies that offer solid returns after meeting all operating and non-operating costs. Thus, it is a good idea to bet on a profitable company over a loss-making one.Here, we have used the concept of accounting ratios to evaluate a company’s profitability. There are several profitability ratios, from which we have chosen the most successful and frequently used profitability metric to determine a company's bottom-line performance.To that end, Option Care Health (OPCH) , Merchants Ba ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- ...

EL MONTE, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2024 before the market opens on Thursday, May 9, 2024. The Company will host a conference call to discuss its financial results on the same day at 8:00 AM Eastern Time. To access the conference call, ...

EL MONTE, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today announced its global fulfillment network has surpassed 10 million square feet of total space following the signing of a new lease in Ontario, California. This expansion strengthens GigaCloud's ability to support the continued growth of its B2B marketplace and deliver enhanced fulfillment support t ...

GigaCloud Technology Inc. (GCT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this company have returned +28.9%, compared to the Zacks S&P 500 composite's -4% change. During this period, the Zacks Technology Services industry, which GigaCloud Technology Inc. falls in, has lost 9.6%. The key question now is: What could be the stock's future direct ...

Are you ready for your tax refund? Tax season closed yesterday (unless you filed an extension), and millions of Americans stand ready to get a chunk of change back from overpayments throughout the 2023 tax year. This year, the number of Americans claiming to spend their tax refunds doubled from 2022. That points, of course, to renewed consumer confidence. Likewise, many spend their tax refund cash to blow off steam, and this year has presented plenty of headaches for Americans of all types.Despite the kicks ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

GigaCloud Technology Inc. (GCT) closed at $31.02 in the latest trading session, marking a -1.8% move from the prior day. This change lagged the S&P 500's daily loss of 0.95%. Meanwhile, the Dow lost 1.09%, and the Nasdaq, a tech-heavy index, lost 0.84%.Coming into today, shares of the company had lost 14.25% in the past month. In that same time, the Business Services sector lost 0.45%, while the S&P 500 gained 1.78%.The investment community will be paying close attention to the earnings performance of GigaC ...