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Is Most-Watched Stock GigaCloud Technology Inc. (GCT) Worth Betting on Now?
GCTGigaCloud(GCT) ZACKS·2024-12-17 15:00

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 0.93pershare,reflectingayearoveryearincreaseof+6.90.93 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,whichrepresentsa+24.43.62, 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 1.16billion,reflectingasignificantincreaseof+64.11.16 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 303.32million,markingayearoveryearincreaseof+70.2303.32 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]