Global-E Online (NASDAQ:GLBE - Get Free Report) is set to issue its quarterly earnings data before the market opens on Wednesday, November 20th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Parties interested in registering for the company's conference call can do so using this link.
Global-E Online (NASDAQ:GLBE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.03. The business had revenue of $168.00 million during the quarter, compared to analysts' expectations of $165.95 million. Global-E Online had a negative return on equity of 16.41% and a negative net margin of 17.33%. The business's quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.22) EPS. On average, analysts expect Global-E Online to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Global-E Online Stock Performance
Shares of GLBE traded down $0.28 during midday trading on Wednesday, hitting $42.25. The company had a trading volume of 1,346,658 shares, compared to its average volume of 1,092,157. The company's 50-day simple moving average is $37.85 and its 200-day simple moving average is $34.68. The firm has a market capitalization of $6.94 billion, a P/E ratio of -65.00 and a beta of 1.10. Global-E Online has a 1 year low of $27.30 and a 1 year high of $43.52.
Analysts Set New Price Targets
Several brokerages have recently weighed in on GLBE. UBS Group cut their target price on Global-E Online from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Friday, October 18th. Needham & Company LLC reissued a "buy" rating and set a $48.00 target price on shares of Global-E Online in a research report on Thursday, August 15th. Piper Sandler reissued a "buy" rating on shares of Global-E Online in a research report on Friday, October 18th. KeyCorp cut their target price on Global-E Online from $40.00 to $38.00 and set an "overweight" rating on the stock in a research report on Thursday, August 15th. Finally, Bank of America cut their target price on Global-E Online from $47.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.09.
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About Global-E Online
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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.
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