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Stock impact report

Should You Buy GigaCloud Stock Ahead of Q4 Earnings Report? [Yahoo! Finance]

GigaCloud Technology Inc - Class A Ordinary Shares (GCT) 
Company Research Source: Yahoo! Finance
The Zacks Consensus Estimate for earnings in the to-be-reported stands at 90 cents, indicating 3.5% growth from the year-ago reported quarter. The consensus estimate for revenues is pegged at $290 million, implying 18.5% year-over-year growth. There has been no change in analyst estimates or revisions lately. Zacks Investment Research Image Source: Zacks Investment Research The company has an impressive earnings surprise history. Earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and lagged once, with an average earnings surprise of 38.1%. Zacks Investment Research Image Source: Zacks Investment Research GCT's Lesser Chance of Q4 Earnings Beat Our proven model doesn't conclusively predict an earnings beat for GCT this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that's not the case here. You can uncover the best stocks to buy o Show less Read more
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