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

Reuters
2024-11-20
Global-E Online Ltd reports results for the quarter ended September 30 - Earnings Summary
  • 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

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