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

Global-E Online (NASDAQ:GLBE) released its earnings results 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. The firm had revenue of $262.91 million during the quarter, compared to the consensus estimate of $250.96 million. Global-E Online had a negative return on equity of 8.60% and a negative net margin of 10.04%. The company’s revenue was up 41.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. Global-E Online updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Global-E Online Price Performance

Shares of GLBE opened at $45.38 on Friday. The firm’s 50 day simple moving average is $56.72 and its 200 day simple moving average is $45.56. The company has a market capitalization 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. Global-E Online has a 1-year low of $28.11 and a 1-year high of $63.69.

Analyst Upgrades and Downgrades

GLBE has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Benchmark cut their price objective on Global-E Online from $68.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday. Raymond James boosted their price target on shares of Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. KeyCorp boosted their price objective on Global-E Online from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Finally, Piper Sandler boosted their target price on shares of Global-E Online from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.25.

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.