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

Global-E Online

14/08/2024 14:53

* Global-E Online Ltd  GLBE.OQ  reported a quarterly
adjusted loss
of 13 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of -22 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 16 cents per share. Wall Street
expected results to range from -19 cents to -12 cents per share.
    * Revenue rose 26% to $168.01 million from a year ago;
analysts
expected $165.93 million. 
    * Global-E Online Ltd's reported EPS for the quarter was a
loss
of 13 cents​.
    * The company reported a quarterly loss of $22.44 million.
    * Global-E Online Ltd shares had fallen by 8.0% this
quarter and
lost 15.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.7%
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," no
"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 $42.00 
This summary was machine generated from LSEG data August 14 at
01:53 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
 Jun. 30 2024      -0.16          -0.13          Beat
 Mar. 31 2024      -0.22          -0.19          Beat
 Dec. 31 2023      -0.13          -0.13          Met
 Sep. 30 2023      -0.23          -0.20          Beat