GigaCloud Technology Inc. (GCT) Q1 Earnings and Revenues Beat Estimates

Core Viewpoint - GigaCloud Technology Inc. reported quarterly earnings of $0.68 per share, exceeding the Zacks Consensus Estimate of $0.46 per share, but down from $0.84 per share a year ago, indicating a 47.83% earnings surprise [1] Financial Performance - The company achieved revenues of $271.91 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 5.64% and up from $251.08 million year-over-year [2] - Over the last four quarters, GigaCloud has exceeded consensus EPS estimates two times and topped revenue estimates four times [2] Stock Performance - GigaCloud shares have declined approximately 21.7% since the beginning of the year, compared to a 3.8% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.64 on revenues of $308.1 million, and for the current fiscal year, it is $2.90 on revenues of $1.2 billion [7] Industry Outlook - The Technology Services industry, to which GigaCloud belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]