GCT Semiconductor (GCTS) Expected to Announce Earnings on Wednesday

GCT Semiconductor (NYSE:GCTS) is expected to be posting its Q1 2025 quarterly earnings results 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, topping analysts’ consensus estimates of ($0.15) by $0.04. The company had revenue of $2.03 million during the quarter, compared to analysts’ expectations 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 GCTS opened at $1.66 on Tuesday. The firm has a market cap of $79.85 million, a PE ratio of -6.37 and a beta of 1.24. The firm’s 50 day moving average price is $1.60 and its 200 day moving average price is $2.10. GCT Semiconductor has a twelve month low of $1.16 and a twelve month high of $5.94.

Analyst Ratings Changes

Separately, B. Riley lowered their price objective on shares of GCT Semiconductor from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd.

GCT Semiconductor Company Profile

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.