Global-E Online (GLBE) Scheduled to Post Earnings on Wednesday

Global-E Online (NASDAQ:GLBE) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 20th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Global-E Online (NASDAQ:GLBE) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.03. Global-E Online had a negative return on equity of 16.41% and a negative net margin of 17.33%. The firm had revenue of $168.00 million for the quarter, compared to analysts’ expectations of $165.95 million. During the same period in the prior year, the business posted ($0.22) earnings per share. The company’s revenue was up 26.0% on a year-over-year basis. 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 Trading Up 5.8 %

Shares of Global-E Online stock opened at $42.53 on Wednesday. The company’s 50-day moving average price is $37.48 and its 200-day moving average price is $34.56. The company has a market cap of $6.99 billion, a price-to-earnings ratio of -65.43 and a beta of 1.10. Global-E Online has a 12-month low of $27.30 and a 12-month high of $42.99.

Analysts Set New Price Targets

A number of research firms have recently commented on GLBE. KeyCorp reduced their price target on shares of Global-E Online from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. Needham & Company LLC restated a “buy” rating and set a $48.00 target price on shares of Global-E Online in a research report on Thursday, August 15th. UBS Group lowered their price target on Global-E Online from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Morgan Stanley lowered Global-E Online from an “overweight” rating to an “equal weight” rating and set a $40.00 price objective for the company. in a report on Friday, October 18th. Finally, Piper Sandler reaffirmed a “buy” rating on shares of Global-E Online in a research note on Friday, October 18th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Global-E Online has a consensus rating of “Moderate Buy” and a consensus price target of $43.09.

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.