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

Global-E Online (NASDAQ:GLBE) posted its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share 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 8.60% and a negative net margin of 10.04%. The company had revenue of $262.91 million during the quarter, compared to analyst estimates of $250.96 million. During the same quarter last year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up 41.8% on a year-over-year basis. Global-E Online updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Global-E Online Trading Down 2.7 %

Shares of GLBE opened at $45.38 on Friday. Global-E Online has a twelve month low of $28.11 and a twelve month high of $63.69. The company has a market cap of $7.45 billion, a P/E ratio of -103.57, a P/E/G ratio of 5.03 and a beta of 1.23. The company’s fifty day simple moving average is $56.72 and its 200-day simple moving average is $45.56.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GLBE shares. The Goldman Sachs Group raised their price objective 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. Benchmark dropped their price target on shares of Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday. Wells Fargo & Company upped their price objective on Global-E Online from $45.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Jefferies Financial Group lifted their target price on Global-E Online from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Piper Sandler boosted their price target on Global-E Online from $63.00 to $66.00 and gave the company an “overweight” rating in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $58.25.

Global-E Online Company Profile

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.