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GLBEBearishEarningsnews
Materiality pending

Compared to Estimates, Globale Online (GLBE) Q1 Earnings: A Look at Key Metrics

May 20, 2024, 10:46 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- GLBE reported $145.87 million in revenue for Q1 2024, a 24% YoY increase. - EPS improved to -$0.19 from -$0.26 YoY, with a 13.64% surprise. - Metrics like GMV and revenue by category beat analyst estimates. - Stock returned -11.7% in the past month compared to the market. - Zacks Rank #3 suggests GLBE may perform in line with the market. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • GLBE reported $145.87 million in revenue for Q1 2024, a 24% YoY increase.
  • EPS improved to -$0.19 from -$0.26 YoY, with a 13.64% surprise.
  • Metrics like GMV and revenue by category beat analyst estimates.
  • Stock returned -11.7% in the past month compared to the market.
  • Zacks Rank #3 suggests GLBE may perform in line with the market.

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