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Core Viewpoint - GigaCloud Technology Inc. has experienced a decline of -11.3% in its stock price over the past month, contrasting with the S&P 500's increase of +3.6% and the Zacks Technology Services industry's gain of +10.1% [2] Earnings Estimates - For the current quarter, GigaCloud is expected to report earnings of $0.93 per share, reflecting a year-over-year increase of +6.9% [5] - The consensus earnings estimate for the current fiscal year stands at $2.91, indicating a growth of +26.5% from the previous year [5] - For the next fiscal year, the earnings estimate is $3.62, which represents a +24.4% increase compared to the prior year [6] - The Zacks Rank for GigaCloud is 3 (Hold), based on the recent changes in earnings estimates and other related factors [7] Revenue Growth - The consensus sales estimate for the current quarter is $290 million, indicating a year-over-year growth of +18.5% [10] - For the current fiscal year, the revenue estimate is $1.16 billion, reflecting a significant increase of +64.1% [10] - The revenue estimate for the next fiscal year is $1.32 billion, which shows a growth of +14.3% [10] Recent Performance - In the last reported quarter, GigaCloud achieved revenues of $303.32 million, marking a year-over-year increase of +70.2% [11] - The earnings per share (EPS) for the same period was $0.98, compared to $0.59 a year ago, resulting in an EPS surprise of +46.27% [11] - Over the last four quarters, GigaCloud has surpassed consensus EPS estimates three times and has exceeded revenue estimates each time [12] Valuation - GigaCloud is graded A in the Zacks Value Style Score, indicating that it is trading at a discount compared to its peers [16]

Core Insights - GigaCloud Technology Inc has been recognized as a winner in Furniture Today’s 2024 Reader Rankings, achieving accolades in multiple categories including "Industry’s Leading Innovator," "Best Ecommerce Technology," and "Best Logistics Technology Company" [1] - The company reported that its 1,051 active sellers and 8,535 active buyers generated over $1.2 billion in Marketplace GMV for the twelve months ending September 30, 2024, highlighting the strength of its marketplace model [1] - GigaCloud's B2B ecommerce platform, the GigaCloud Marketplace, connects manufacturers primarily in Asia with resellers in the U.S., Asia, and Europe, facilitating efficient cross-border transactions [3] Company Overview - GigaCloud Technology Inc specializes in global end-to-end B2B ecommerce technology solutions for large parcel merchandise, integrating discovery, payments, and logistics into a single platform [3] - The company launched its marketplace in January 2019, initially focusing on the global furniture market and has since expanded into home appliances and fitness equipment [3] Industry Context - Furniture Today is a leading publication in the furniture industry, providing essential updates on retail and manufacturing news, product trends, and market analysis [2] - The annual Reader Rankings by Furniture Today invites readers and industry peers to select organizations for excellence and innovation across various categories, including finance, logistics, suppliers, and technology [1]

EL MONTE, Calif., Dec. 17, 2024 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced its recognition as a winner in Furniture Today's 2024 Reader Rankings across multiple categories, including "Industry's Leading Innovator," "Best Ecommerce Technology," and "Best Logistics Technology Company." "We are honored to be recognized again by Furniture Today's Reader R ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about GigaCloud Technology Inc. (GCT) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.GigaCloud Technology Inc. currently has an aver ...

As an investor who started my path five years ago with my own capital, I represent a blend of hands on experience and academic background in corporate finance. Due to my relatively young age I thrive on discovering long-duration growth opportunities and actively seek out opportunities that align with my risk-taker mindset. In addition to my appetite for growth, I also understand the importance of balancing the portfolio with low-volatility dividend-playing names to be a well-rounded investor. In my analysis ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about GigaCloud Technology Inc. (GCT) .GigaCloud Technology Inc. currently has an average brokerage r ...

With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information.I initiated coverage of GigaCloud Technology (NASDAQ: GCT ) stock back in May 2024 with a bullish rating, that ended up aging not according to my plan as the stock started toHe leads the investing group Beyond the Wall Investing with features that in ...

GigaCloud Technology, Inc. (NASDAQ:GCT) Q3 2024 Earnings Conference Call November 7, 2024 7:30 PM ET Company Participants Larry Lei Wu - Founder, Chairman, Director and Chief Executive Officer Iman Schrock - President Erica Wei - Interim Chief Financial Officer Conference Call Participants Matt Koranda - ROTH Capital Ryan Meyers - Lake Street Capital Markets Thomas Forte - Maxim Group Operator Thank you all for standing by. Welcome to GigaCloud Technology's Third Quarter 2024 Earnings Conference Call. Joini ...

GigaCloud Technology Inc. (GCT) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 46.27%. A quarter ago, it was expected that this company would post earnings of $0.71 per share when it actually produced earnings of $0.65, delivering a surprise of -8.45%.Over the last four quarters, the ...