Global-E Online (GLBE) Scheduled to Post Quarterly Earnings on Wednesday

Global-E Online (NASDAQ:GLBE) will issue its quarterly earnings data before the market opens on Wednesday, November 20th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Global-E Online (NASDAQ:GLBE) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.03. The business had revenue of $168.00 million for the quarter, compared to analysts’ expectations of $165.95 million. Global-E Online had a negative return on equity of 16.41% and a negative net margin of 17.33%. The business’s revenue was up 26.0% on a year-over-year basis. During the same period last year, the business earned ($0.22) EPS. On average, analysts expect Global-E Online to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Global-E Online Price Performance

Shares of GLBE stock opened at $42.53 on Wednesday. The firm has a 50-day moving average of $37.48 and a 200-day moving average of $34.56. Global-E Online has a one year low of $27.30 and a one year high of $42.99. The company has a market cap of $6.99 billion, a P/E ratio of -65.43 and a beta of 1.10.

Wall Street Analysts Forecast Growth

GLBE has been the topic of several recent analyst reports. KeyCorp dropped their target price on shares of Global-E Online from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Piper Sandler reissued a “buy” rating on shares of Global-E Online in a research report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and issued a $48.00 price objective on shares of Global-E Online in a research note on Thursday, August 15th. Bank of America lowered their target price on Global-E Online from $47.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, Morgan Stanley lowered shares of Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price target for the company. in a research report on Friday, October 18th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Global-E Online currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.09.

Global-E Online Company Profile

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.