Globant (NYSE:GLOB) Issues FY 2026 Earnings Guidance

Globant (NYSE:GLOB) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 6.100-6.500 for the period, compared to the consensus EPS estimate of 5.990. The company issued revenue guidance of $2.5 billion-$2.5 billion, compared to the consensus revenue estimate of $2.5 billion. Globant also updated its Q2 2026 guidance to 1.450-1.550 EPS.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wedbush initiated coverage on Globant in a research report on Thursday, April 9th. They set an “outperform” rating and a $61.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on shares of Globant from $75.00 to $68.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Wells Fargo & Company lowered their target price on Globant from $57.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, March 27th. Canaccord Genuity Group cut their target price on Globant from $70.00 to $50.00 and set a “hold” rating on the stock in a research note on Friday, February 27th. Finally, Mizuho cut their price objective on Globant from $91.00 to $76.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $72.50.

Globant Trading Up 3.9%

Shares of NYSE:GLOB traded up $1.28 on Thursday, hitting $34.03. The company had a trading volume of 3,032,974 shares, compared to its average volume of 1,464,334. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 14.86, a P/E/G ratio of 1.32 and a beta of 1.04. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.16. Globant has a 1 year low of $32.50 and a 1 year high of $133.36. The firm’s 50-day simple moving average is $45.15 and its two-hundred day simple moving average is $56.23.

Globant (NYSE:GLOB) last released its earnings results on Thursday, May 14th. The information technology services provider reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Globant had a net margin of 4.19% and a return on equity of 9.98%. The firm had revenue of $607.09 million for the quarter, compared to the consensus estimate of $601.66 million. Globant has set its FY 2026 guidance at 6.100-6.500 EPS and its Q2 2026 guidance at 1.450-1.550 EPS. Equities analysts anticipate that Globant will post 4.99 earnings per share for the current fiscal year.

Globant News Summary

Here are the key news stories impacting Globant this week:

• Negative Sentiment: Multiple firms, including Rosen Law Firm, Faruqi & Faruqi, Bernstein Liebhard, Pomerantz, Levi & Korsinsky, and Bragar Eagel & Squire, issued reminders or announcements about the pending Globant securities class action and the June 23, 2026 lead-plaintiff deadline, keeping legal risk in focus for shareholders. Article: ROSEN, A LEADING LAW FIRM, Encourages Globant S.A. Investors to Secure Counsel Before Important Deadline in Securities Class Action – GLOB
• Negative Sentiment: The lawsuit allegations referenced in the notices center on claimed concealment of wage freezes and a failed Iteris integration, which could hurt confidence in Globant’s operations and management credibility. Article: GLOB DEADLINE: Levi & Korsinsky Reminds Globant S.A. Investors of Upcoming Securities Class Action Deadline

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GLOB. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Globant by 618,600.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 167,049 shares of the information technology services provider’s stock valued at $10,920,000 after purchasing an additional 167,022 shares in the last quarter. Invesco Ltd. grew its stake in shares of Globant by 56.2% during the fourth quarter. Invesco Ltd. now owns 111,595 shares of the information technology services provider’s stock valued at $7,295,000 after buying an additional 40,166 shares during the last quarter. Corient Private Wealth LLC bought a new stake in shares of Globant in the fourth quarter worth about $5,809,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of Globant during the fourth quarter valued at approximately $568,000. Finally, Caitlin John LLC grew its position in Globant by 127.3% in the 4th quarter. Caitlin John LLC now owns 2,623 shares of the information technology services provider’s stock worth $171,000 after purchasing an additional 1,469 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

About Globant

Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.

Globant’s service offerings span strategy consulting, custom software engineering, digital experience design and managed services.