Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
United StatesIPO:
18 August 2022Website:
http://www.gigacloudtech.comNext earnings report:
14 March 2025Last dividends:
N/ANext dividends:
N/APrice
pre-market | 14 min agoDividend
Analysts recommendations
Institutional Ownership
GCT Latest News
I believe GigaCloud Technology's recent stock dip is an overreaction; the company remains undervalued despite strong growth and exceeding Q3 2024 forecasts. GigaCloud's diverse revenue streams, expanding market share, and strategic investments position it for future success, despite short-term margin impacts and geopolitical concerns. The company's healthy balance sheet, no debt, and positive cash flow, along with ongoing European growth and Noble House integration, bolster its long-term prospects.
GigaCloud Technology Inc. (GCT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
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.
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.
GCT's third-quarter 2024 earnings and revenues are likely to increase year over year.
GigaCloud Technology's stock has gained 33% since I last covered it, and I believe the upcoming Q3 FY2024 report could serve as a bullish catalyst for further recovery. GCT more than doubled its revenue YoY to $311 million in Q2, while the retail furniture sales in the US dropped 7% in 1H 2024. GigaCloud's explosive growth is not without its challenges — the firm seems to be losing its operating leverage as of late.
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?
GigaCloud Technology Inc. (GCT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
GigaCloud achieved over 100% YoY revenue growth in Q2 2024, reaching $311 million, demonstrating significant expansion. GCT's forward P/E of 8.82, compared to the sector median of 18.86, indicates undervaluation with strong growth prospects. Operating income margins dropped from 10.85% in December 2021 to 8.88% in June 2024, signaling cost concerns.
GigaCloud Technology is a strong buy due to robust platform dynamics and significant margin expansion potential, despite recent high short interest affecting stock performance. The company's 1P and 3P business models, particularly the latter, drive substantial revenue growth through fees and commissions from third-party merchants. GCT's valuation multiple is highly undervalued at 7x 2025 earnings, with a projected 28% earnings growth, suggesting a potential 44% upside.
What type of business is GigaCloud Technology?
GigaCloud Technology Inc. provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally. The company offers GigaCloud Marketplace integrates product discovery to payments to logistics tools into one easy-to-use platform. Its marketplace connects manufacturers primarily in Asia with resellers in the United States, Asia, and Europe to execute cross-border transactions across furniture, home appliance, fitness equipment, and other large parcel categories. The company was formerly known as Oriental Standard Human Resources Holdings Limited and changed its name to GigaCloud Technology Inc. in February 2021. GigaCloud Technology Inc. was incorporated in 2006 and is headquartered in El Monte, California.
What sector is GigaCloud Technology in?
GigaCloud Technology is in the Technology sector
What industry is GigaCloud Technology in?
GigaCloud Technology is in the Software Infrastructure industry
What country is GigaCloud Technology from?
GigaCloud Technology is headquartered in United States
When did GigaCloud Technology go public?
GigaCloud Technology initial public offering (IPO) was on 18 August 2022
What is GigaCloud Technology website?
https://www.gigacloudtech.com
Is GigaCloud Technology in the S&P 500?
No, GigaCloud Technology is not included in the S&P 500 index
Is GigaCloud Technology in the NASDAQ 100?
No, GigaCloud Technology is not included in the NASDAQ 100 index
Is GigaCloud Technology in the Dow Jones?
No, GigaCloud Technology is not included in the Dow Jones index
When was GigaCloud Technology the previous earnings report?
No data
When does GigaCloud Technology earnings report?
The next expected earnings date for GigaCloud Technology is 14 March 2025