Global-E Online Ltd expected to post a loss of 16 cents a share - Earnings Preview

Global-E Online

12/08/2024 13:36

* Global-E Online Ltd  GLBE.OQ   GLBE.O  is expected to show
a
rise in quarterly revenue when it reports  results on August 14
for the period ending June 30 2024
    * The Petah Tikva Israel-based   company is expected to
report a
24.5% increase in revenue to $165.932 million from $133.31
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data.The company's guidance on May 20
2024, for the period ended June 30, was for revenue between
$162.50 million and $168.50 million.
    * ​LSEG's mean analyst estimate for Global-E Online Ltd is
for a
loss of 16 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 4.3%
in the last three months. ​
    * Wall Street's median 12-month price target for Global-E
Online
Ltd is $42.00​, above​ its last closing price of $33.37. ​​​

The company's guidance on May 20 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD162.5 million and USD28.5 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.21       -0.22      -0.19     Beat    13.7
 Dec. 31 2024  -0.12       -0.13      -0.13     Met     -2
 Sep. 30 2023  -0.23       -0.23      -0.20     Beat    13.8​
 Jun. 30 2023  -0.25       -0.25      -0.22     Beat    13.2
 ​​Mar.        -0.29       -0.29      -0.26     Beat    9.5
 31 2023                                                
 Dec. 31 2022  -0.29       -0.29      -0.18     Beat    37.3​
 Sep. 30 2022  -0.30       -0.30      -0.41     Missed  -36.1
 Jun. 30 2022  -0.30       -0.30      -0.31     Missed  -2.8
 This summary was machine generated August 12 at 12:36 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)