Globant (GLOB) Scheduled to Post Quarterly Earnings on Thursday

Globant (NYSE:GLOB) is set to issue its quarterly earnings data after the market closes on Thursday, May 16th. Analysts expect Globant to post earnings of $1.53 per share for the quarter. Globant has set its Q1 guidance at $1.53 EPS and its FY24 guidance at $6.50 EPS.

Globant (NYSE:GLOB) last issued its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.08). Globant had a net margin of 7.56% and a return on equity of 11.38%. The business had revenue of $580.71 million during the quarter, compared to analyst estimates of $579.70 million. On average, analysts expect Globant to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Globant Price Performance

Shares of NYSE GLOB opened at $173.06 on Friday. The firm’s 50-day moving average is $196.93 and its two-hundred day moving average is $211.51. Globant has a 12-month low of $135.40 and a 12-month high of $251.50. The company has a market capitalization of $7.46 billion, a PE ratio of 47.67, a price-to-earnings-growth ratio of 1.40 and a beta of 1.35.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GLOB shares. Scotiabank lowered Globant from a “sector outperform” rating to a “sector perform” rating and set a $200.00 price objective on the stock. in a research note on Friday. HSBC decreased their target price on shares of Globant from $275.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. Canaccord Genuity Group reaffirmed a “hold” rating and set a $230.00 price objective on shares of Globant in a research note on Tuesday, February 20th. Wedbush reaffirmed an “outperform” rating and set a $250.00 price target on shares of Globant in a research report on Friday, February 16th. Finally, Mizuho reiterated a “buy” rating and issued a $279.00 price target (down previously from $283.00) on shares of Globant in a report on Tuesday, February 20th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $242.59.

Globant Company Profile

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.