GigaCloud Technology Inc. (GCT) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Performance - GigaCloud Technology Inc. (GCT) experienced a decline of 2.08% in its stock price, closing at $19.80, which lagged behind the S&P 500's daily gain of 0.52% [1] - Over the previous month, GCT shares gained 12.08%, outperforming the Business Services sector, which saw a loss of 0.47%, and the S&P 500, which gained 5.95% [1] Upcoming Earnings - The upcoming earnings release is expected to show an EPS of $0.46, representing a 29.23% decrease compared to the same quarter last year [2] - Revenue is projected to be $290.2 million, reflecting a 6.65% decline from the equivalent quarter last year [2] Full-Year Estimates - Full-year Zacks Consensus Estimates predict earnings of $2.79 per share and revenue of $1.16 billion, indicating year-over-year changes of -8.52% for earnings and 0% for revenue [3] - Recent changes to analyst estimates suggest a trend of optimism regarding the business and profitability [3] Valuation Metrics - GigaCloud Technology Inc. is currently trading at a Forward P/E ratio of 7.25, which is significantly lower than its industry's Forward P/E of 21 [6] - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 39, placing it in the top 16% of over 250 industries [6] Analyst Ratings - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates GigaCloud Technology Inc. as 4 (Sell) [5] - Over the last 30 days, the Zacks Consensus EPS estimate has decreased by 2.11% [5]