GCT Semiconductor (GCTS) Expected to Announce Quarterly Earnings on Wednesday

GCT Semiconductor (NYSE:GCTS) will likely be releasing its Q1 2025 earnings data after the market closes on Wednesday, May 14th. Analysts expect GCT Semiconductor to post earnings of ($0.10) per share and revenue of $1.87 million for the quarter.

GCT Semiconductor (NYSE:GCTS) last posted its quarterly earnings results on Tuesday, March 25th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. The company had revenue of $2.03 million during the quarter, compared to analyst estimates of $2.03 million. On average, analysts expect GCT Semiconductor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

GCT Semiconductor Stock Performance

Shares of GCT Semiconductor stock opened at $1.41 on Wednesday. The business has a 50-day simple moving average of $1.63 and a 200-day simple moving average of $2.13. GCT Semiconductor has a one year low of $1.16 and a one year high of $7.00. The company has a market cap of $67.79 million, a PE ratio of -5.40 and a beta of 1.24.

Analyst Ratings Changes

Separately, B. Riley lowered their price target on shares of GCT Semiconductor from $8.00 to $5.00 and set a “buy” rating for the company in a report on Monday, February 3rd.

About GCT Semiconductor

GCT Semiconductor Holding, Inc, operates as a fabless semiconductor company, designs, develops, and markets integrated circuits for the wireless semiconductor industry. The company provides RF and modem chipsets based on 4G LTE technology, including 4G LTE, 4.5G LTE Advanced, and 4.75G LTE Advanced-Pro.