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Stay Ahead of the Game With Globale Online (GLBE) Q1 Earnings: Wall Street's Insights on Key Metrics
Global-EGlobal-E(US:GLBE) Zacks Investment Researchยท2024-05-15 14:16

Core Viewpoint - Wall Street analysts predict that Global-e Online Ltd. (GLBE) will report a quarterly loss of $0.23 per share, reflecting an 11.5% year-over-year increase, with revenues expected to reach $142.23 million, a 20.9% increase compared to the same quarter last year [1]. Financial Estimates - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating a reassessment of initial projections by covering analysts [2]. - Analysts project 'Revenue by Category - Fulfillment services' to be $75.12 million, representing an 11.7% increase from the year-ago quarter [5]. - The estimate for 'Revenue by Category - Service fees' is $67.11 million, indicating a significant 33.3% increase from the prior-year quarter [5]. - The projected 'Gross Merchandise Value' is expected to reach $899.10 million, up from $703.9 million reported in the same quarter last year [6]. Market Performance - Over the past month, shares of Global-e Online have decreased by 12.2%, while the Zacks S&P 500 composite has increased by 2.5% [6]. - Currently, GLBE holds a Zacks Rank 3 (Hold), suggesting that its performance may align with the overall market in the near future [6].