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

Global-E Online (NASDAQ:GLBE) posted its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $250.96 million. During the same period last year, the company earned $0.22 EPS. Global-E Online’s revenue for the quarter 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 Stock Down 17.2 %

Shares of NASDAQ:GLBE traded down $10.65 during midday trading on Wednesday, reaching $51.25. The company’s stock had a trading volume of 3,155,726 shares, compared to its average volume of 1,370,786. The firm has a 50 day moving average of $56.99 and a 200-day moving average of $45.51. The firm has a market capitalization of $8.42 billion, a P/E ratio of -88.23, a PEG ratio of 6.47 and a beta of 1.23. Global-E Online has a 12-month low of $28.11 and a 12-month high of $63.69.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Needham & Company LLC lifted their target price on shares of Global-E Online from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group boosted their price objective on shares of Global-E Online from $56.00 to $63.00 and gave the company a “buy” rating in a research report on Friday, January 10th. JMP Securities increased their target price on shares of Global-E Online from $46.00 to $64.00 and gave the stock a “market outperform” rating in a report on Thursday, November 21st. Morgan Stanley boosted their price target on Global-E Online from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Piper Sandler increased their price objective on Global-E Online from $63.00 to $66.00 and gave the stock 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.67.

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.