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

Global-E Online

20/05/2024 14:52

* Global-E Online Ltd  GLBE.OQ  reported a quarterly
adjusted loss
of 19 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of -26 cents.  The mean expectation of ten analysts for the
quarter was for a loss of 22 cents per share. Wall Street
expected results to range from -25 cents to -15 cents per share.
    * Revenue rose 24% to $145.87 million from a year ago;
analysts
expected $141.56 million. 
    * Global-E Online Ltd's reported EPS for the quarter was a
loss
of 19 cents​.
    * The company reported a quarterly loss of $32.05 million.
    * Global-E Online Ltd shares had fallen by 19.9% this
quarter and
lost 26.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "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 $43.50 
This summary was machine generated from LSEG data May 20 at
01:52 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
 Mar. 31 2024      -0.22          -0.19          Beat
 Dec. 31 2023      -0.13          -0.13          Met
 Sep. 30 2023      -0.23          -0.20          Beat
 Jun. 30 2023      -0.25          -0.22          Beat