Group 1: Earnings Performance - GCT Semiconductor Holding, Inc. reported a quarterly loss of 0.10, representing an earnings surprise of -50% [1] - The company posted revenues of 3.27 million a year ago [2] - Over the last four quarters, GCT Semiconductor has surpassed consensus EPS estimates only once [2] Group 2: Stock Performance and Outlook - GCT Semiconductor shares have declined approximately 27.9% since the beginning of the year, while the S&P 500 has gained 0.1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is -3.2 million, and -37.18 million for the current fiscal year [7] Group 3: Industry Context - The Electronics - Semiconductors industry, to which GCT Semiconductor belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact GCT Semiconductor's stock performance [5] - The Zacks Rank for GCT Semiconductor is currently 2 (Buy), suggesting that the shares are expected to outperform the market in the near future [6]
GCT Semiconductor Holding, Inc. (GCTS) Reports Q1 Loss, Misses Revenue Estimates