Celebrations may be in order for Global-e Online Ltd. (NASDAQ:GLBE) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The revenue forecast for this year has experienced a facelift, with the analysts now much more optimistic on its sales pipeline.
After this upgrade, Global-e Online's nine analysts are now forecasting revenues of US$411m in 2022. This would be a substantial 90% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$367m in 2022. The consensus has definitely become more optimistic, showing a decent improvement in revenue forecasts.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The analysts are definitely expecting Global-e Online's growth to accelerate, with the forecast 90% annualised growth to the end of 2022 ranking favourably alongside historical growth of 53% per annum over the past three years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 14% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Global-e Online to grow faster than the wider industry.
The Bottom Line
The highlight for us was that analysts increased their revenue forecasts for Global-e Online this year. The analysts also expect revenues to grow faster than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at Global-e Online.
Unsatisfied? We have analyst estimates for Global-e Online going out to 2024, and you can see them free on our platform here.
Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks that insiders are buying.
What are the risks and opportunities for Global-e Online?
Revenue is forecast to grow 23.98% per year
Shareholders have been diluted in the past year
Volatile share price over the past 3 months
Currently unprofitable and not forecast to become profitable over the next 3 years
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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.
Flawless balance sheet with limited growth.