About a month ago, we shared one of our long-term stock pick called Globe-E Online ($GLBE) and said this might be the next Shopify ($SHOP). Some of you messaged me earlier today thanking me for the blog as it is up a lot today.
What happened? An awesome earnings report and a better guidance.
- Quarter revenue rose 54% to $82.7 million, beating the FactSet consensus for $77.6 million
- Per-share loss was 15 cents, compared to the FactSet consensus for a loss of 16 cents
- The company guided for first quarter revenue of $74.5 million to $76.5 million and 2022 revenue of $411 million to $421 million. FactSet consensus had been for first quarter revenue of $64 million and fiscal year revenue of $367 million
- Raymond James maintaining Outperform rating on the stock with a PT of $55 (20% upside from today)
No wonder why the stock is doing so well today. On the other hand, look at $SHOP, a dismal guidance and making the stock tank. My personal take, take your $SHOP money and invest in $GLBE. And as we always mention, do your own DD before making any investment decisions.