Global-E Online (NASDAQ:GLBE) Issues Earnings Results, Beats Estimates By $0.02 EPS

Global-E Online (NASDAQ:GLBE) announced its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02, Zacks reports. Global-E Online had a negative return on equity of 15.05% and a negative net margin of 14.68%. The business had revenue of $262.91 million during the quarter, compared to analysts’ expectations of $250.96 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The firm’s quarterly revenue was up 41.8% compared to the same quarter last year. Global-E Online updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Global-E Online Trading Down 17.2 %

NASDAQ GLBE traded down $10.65 on Wednesday, hitting $51.25. 3,155,726 shares of the company traded hands, compared to its average volume of 1,370,786. The business’s 50 day moving average price is $56.99 and its 200-day moving average price is $45.51. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of -88.23, a P/E/G ratio of 6.47 and a beta of 1.23. Global-E Online has a 52-week low of $28.11 and a 52-week high of $63.69.

Analyst Ratings Changes

Several research firms have recently issued reports on GLBE. KeyCorp lifted their price target on Global-E Online from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. The Goldman Sachs Group lifted their target price on shares of Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Wells Fargo & Company raised their price target on shares of Global-E Online from $45.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Benchmark boosted their price objective on shares of Global-E Online from $41.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, JMP Securities increased their target price on Global-E Online from $46.00 to $64.00 and gave the company a “market outperform” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Global-E Online has an average rating of “Moderate Buy” and a consensus target price of $56.67.

About Global-E Online

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide.