M N 13 May 2024 CMB International Global Markets | Equity Research | Company Update GigaCloud (GCT US) Embracing continued outperformance Target Price US$46.00 GCT delivered a solid start in 1Q24, with strong topline and guidance. 1Q24 Up/Downside 23.2% net margin was temporarily diluted by new fulfilment centers expenses Current Price US$37.35 and FX fluctuation, but will gradually pick up in 2H24E (with improving warehouse utilization and annual freight contracts), in our view. We are China Entertainment ...

ipopba Introduction and Background I was scanning through some high-growth and high-flying stocks and I stumbled upon GigaCloud Technologies (NASDAQ:GCT). Examining the company and stock, I was quite pleased with what I found. Just to give a short introduction to the business, GigaCloud runs a business-to-business technology platform. This platform called "GigaCloud Marketplace" connects suppliers and resellers worldwide (mainly China and Asia and the rest of the world with a focus on the US). The company's ...

Finding game-changing stocks in today’s relatively overvalued and volatile market isn’t as straightforward as it was when initial rate cuts drove top stocks to rock bottom prices. While many quickly point to tech stocks as the main wealth-unlocking stocks in today’s economy, forward-thinking investors recognize the importance of diversifying across industries, geographic locations, size, scale, and more.Identifying wealth-unlocking stocks also requires thorough due diligence to confirm that a company has a ...

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GigaCloud Technology. (NASDAQ:GCT) Q1 2024 Earnings Conference Call May 9, 2024 8:00 AM ET Company Participants Larry Wu - Chairman, Chief Executive Officer Iman Shrock - President David Lau - Chief Financial Officer Conference Call Participants Matt Koranda - Roth MKM Sophie Huang - CMBI Brian Kintslinger - Alliance Global Partners Operator Thank you all for standing by. Welcome to GigaCloud Technology’s First Quarter 2024 Earnings Conference Call. During today’s call all listeners will be in listen-only m ...

GigaCloud Technology Inc. (GCT) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 64.71%. A quarter ago, it was expected that this company would post earnings of $0.58 per share when it actually produced earnings of $0.87, delivering a surprise of 50%.Over the last four quarters, the co ...

Table of Contents _____________________ _____________________ _____________________ _____________________ Cayman Islands 00-0000000 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Class A ordinary shares, par value $0.05 per share GCT The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION ...

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 ...