Global-E Online (GLBE) Set to Announce Quarterly Earnings on Wednesday

Global-E Online (NASDAQ:GLBE) is set to issue its quarterly earnings data before the market opens on Wednesday, August 14th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Global-E Online (NASDAQ:GLBE) last issued its quarterly earnings data on Monday, May 20th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.04. Global-E Online had a negative net margin of 20.52% and a negative return on equity of 18.05%. The firm had revenue of $145.90 million for the quarter, compared to the consensus estimate of $141.55 million. During the same quarter in the previous year, the firm earned ($0.26) EPS. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. 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 Stock Down 1.1 %

Shares of Global-E Online stock opened at $32.99 on Tuesday. The firm’s 50 day moving average price is $33.74 and its 200-day moving average price is $34.25. Global-E Online has a 52-week low of $27.30 and a 52-week high of $42.88. The company has a market cap of $5.42 billion, a P/E ratio of -44.58 and a beta of 1.10.

Analyst Ratings Changes

A number of analysts recently commented on GLBE shares. Morgan Stanley lifted their target price on shares of Global-E Online from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Piper Sandler lowered their target price on shares of Global-E Online from $50.00 to $47.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Bank of America lifted their target price on shares of Global-E Online from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. JMP Securities reiterated a “market outperform” rating and issued a $46.00 target price on shares of Global-E Online in a research note on Wednesday, July 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $48.00 target price on shares of Global-E Online in a research note on Tuesday, May 21st. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $43.45.

About Global-E Online

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.