Yahoo Finance GigaCloud Technology Inc. (GCT) Stock Moves -0.37%: What You Should Know
The latest trading session saw GigaCloud Technology Inc. (GCT) ending at $34.96, denoting a -0.37% adjustment from its last day's close. This change was narrower than the S&P 500's 0.58% loss on the day. Elsewhere, the Dow saw a downswing of 0.12%, while the tech-heavy Nasdaq depreciated by 1.15%.
Prior to today's trading, shares of the company had gained 18.87% over the past month. This has outpaced the Business Services sector's loss of 4.36% and the S&P 500's loss of 1.09% in that time.
Investors will be eagerly watching for the performance of GigaCloud Technology Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.51, indicating a 30.77% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $235 million, up 83.88% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.58 per share and a revenue of $1.11 billion, representing changes of +12.17% and +57.07%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for GigaCloud Technology Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 15.69% upward. GigaCloud Technology Inc. currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, GigaCloud Technology Inc. is presently being traded at a Forward P/E ratio of 13.6. This valuation marks a discount compared to its industry's average Forward P/E of 22.36.
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 95, this industry ranks in the top 38% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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GigaCloud Technology Inc. (GCT) : Free Stock Analysis Report
