Global-E Online Ltd reports results for the quarter ended in December - Earnings Summary

Global-E Online

21/02/2024 14:41

* Global-E Online Ltd  GLBE.OQ  reported a quarterly
adjusted loss
of 13 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -18 cents.  The mean expectation of
eleven analysts for the quarter was for a loss of 13 cents per
share. Wall Street expected results to range from -15 cents
to -10 cents per share.
    * Revenue rose 32.6% to $185.40 million from a year ago;
analysts
expected $181.99 million. 
    * Global-E Online Ltd's reported EPS for the quarter was a
loss
of 13 cents​.
    * The company reported a quarterly loss of $22.1 million.
    * Global-E Online Ltd shares had risen by 1.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Global-E Online
Ltd is $46.00 
This summary was machine generated from LSEG data February 21 at
02:40 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.13          -0.13          Met
 Sep. 30 2023      -0.23          -0.20          Beat
 Jun. 30 2023      -0.25          -0.22          Beat
 Mar. 31 2023      -0.29          -0.26          Beat