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Stock impact report

Globale Online (GLBE) Moves 5.8% Higher: Will This Strength Last? [Yahoo! Finance]

Global-E Online Ltd. - ordinary shares (GLBE) 
Company Research Source: Yahoo! Finance
This compares to the stock's 4.5% gain over the past four weeks. Global-e Online is experiencing positive momentum from its partnership with Harrods, which aims to expand the former's global e-commerce reach. This company is expected to post quarterly loss of $0.15 per share in its upcoming report, which represents a year-over-year change of +25%. Revenues are expected to be $168.6 million, up 26.2% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For Globale Online, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on GLBE going forward to see if this recent jump can turn into more s Show less Read more
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