Global-e Online (GLBE) to Release Quarterly Earnings on Monday

Global-e Online (NASDAQ:GLBE – Get Rating) is set to announce its earnings results after the market closes on Monday, May 16th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Global-e Online has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Global-e Online (NASDAQ:GLBE – Get Rating) last released its quarterly earnings data on Wednesday, February 16th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $82.70 million during the quarter, compared to the consensus estimate of $77.63 million. Global-e Online had a negative net margin of 30.55% and a positive return on equity of 0.75%. The business’s quarterly revenue was up 54.3% on a year-over-year basis. On average, analysts expect Global-e Online to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Global-e Online stock opened at $21.05 on Monday. The company has a market cap of $2.99 billion and a PE ratio of -31.42. The company has a fifty day moving average price of $30.54 and a two-hundred day moving average price of $43.86. Global-e Online has a 12 month low of $20.85 and a 12 month high of $83.77.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada bought a new stake in Global-e Online in the second quarter worth about $78,000. Wells Fargo & Company MN bought a new stake in Global-e Online in the second quarter worth about $1,019,000. Morgan Stanley bought a new stake in Global-e Online in the second quarter worth about $33,211,000. UBS Group AG raised its position in Global-e Online by 37.1% in the third quarter. UBS Group AG now owns 23,791 shares of the company’s stock worth $1,709,000 after acquiring an additional 6,436 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Global-e Online by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 108,787 shares of the company’s stock worth $6,896,000 after acquiring an additional 4,006 shares in the last quarter. Institutional investors and hedge funds own 69.42% of the company’s stock.

Several equities analysts have recently issued reports on GLBE shares. Zacks Investment Research downgraded shares of Global-e Online from a “hold” rating to a “sell” rating in a report on Friday, February 25th. KeyCorp reduced their price target on shares of Global-e Online from $55.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, March 16th. The Goldman Sachs Group reduced their price target on shares of Global-e Online from $78.00 to $50.00 and set a “buy” rating for the company in a report on Friday, April 8th. Piper Sandler reduced their price target on shares of Global-e Online from $80.00 to $72.00 in a report on Monday, January 10th. Finally, Raymond James reduced their price target on shares of Global-e Online from $68.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, February 17th. One analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Global-e Online presently has a consensus rating of “Buy” and a consensus price target of $63.33.

Global-e Online Company Profile (Get Rating)

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide.

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