Global-E Online Ltd reports results for the quarter ended September 30 - Earnings Summary

Global-E Online

20/11/2024 14:32

* Global-E Online Ltd  GLBE.OQ  reported a quarterly
adjusted loss
of 13 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -20 cents.  The mean expectation of
eleven analysts for the quarter was for a loss of 15 cents per
share. Wall Street expected results to range from -18 cents
to -11 cents per share.
    * Revenue rose 31.7% to $175.97 million from a year ago;
analysts
expected $169.16 million. 
    * Global-E Online Ltd's reported EPS for the quarter was a
loss
of 13 cents​.
    * The company reported a quarterly loss of $22.56 million.
    * Global-E Online Ltd shares had risen by 11.2% this
quarter and
gained 7.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.8%
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 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 $45.50 
This summary was machine generated from LSEG data November 20 at
02:31 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
 Sep. 30 2024      -0.15          -0.13          Beat
 Jun. 30 2024      -0.16          -0.13          Beat
 Mar. 31 2024      -0.22          -0.19          Beat
 Dec. 31 2023      -0.13          -0.13          Met