GigaCloud Technology Inc reports results for the quarter ended December 31 - Earnings Summary

• GigaCloud Technology Inc GCT.OQ reported quarterly adjusted earnings of 76 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 94 cents. The mean expectation of three analysts for the quarter was for earnings of 81 cents per share. Wall Street expected results to range from 69 cents to 90 cents per share.

• Revenue rose 20.9% to $295.78 million from a year ago; analysts expected $288.33 million.

• GigaCloud Technology Inc's reported EPS for the quarter was 76 cents​.

• The company reported quarterly net income of $30.96 million.

• GigaCloud Technology Inc shares had fallen by 8.6% 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 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the online services peer group is also "buy"

Wall Street's median 12-month price target for GigaCloud Technology Inc is $50.00

This summary was machine generated from LSEG data March 4 at 01:04 a.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)