Globant (NYSE:GLOB) Updates FY 2026 Earnings Guidance

Globant (NYSE:GLOB) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 5.750-6.150 for the period, compared to the consensus EPS estimate of 5.940. The company issued revenue guidance of $2.4 billion-$2.5 billion, compared to the consensus revenue estimate of $2.5 billion. Globant also updated its Q3 2026 guidance to 1.430-1.430 EPS.

Analyst Upgrades and Downgrades

GLOB has been the topic of a number of analyst reports. William Blair lowered shares of Globant from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. TD Cowen lowered their target price on shares of Globant from $59.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Itau BBA Securities lowered shares of Globant from an “outperform” rating to a “market perform” rating and set a $39.00 target price on the stock. in a report on Wednesday, July 8th. UBS Group cut their price target on shares of Globant from $75.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Finally, The Goldman Sachs Group decreased their price target on Globant from $68.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $52.75.

Globant Trading Up 6.3%

GLOB traded up $2.44 during trading on Thursday, hitting $41.18. The company’s stock had a trading volume of 3,783,390 shares, compared to its average volume of 1,690,937. The firm has a market capitalization of $1.81 billion, a P/E ratio of 16.74, a PEG ratio of 1.47 and a beta of 1.02. Globant has a twelve month low of $27.56 and a twelve month high of $79.65. The stock’s fifty day moving average price is $33.77 and its 200-day moving average price is $42.57. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.16.

Globant (NYSE:GLOB) last announced its quarterly earnings data on Friday, May 15th. 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 4.46% and a return on equity of 9.87%. The company had revenue of $607.09 million during the quarter, compared to the consensus estimate of $601.65 million. During the same quarter last year, the firm posted $1.50 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. Analysts anticipate that Globant will post 4.89 EPS for the current year.

Globant declared that its Board of Directors has initiated a stock buyback program on Monday, May 18th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Globant

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. IHT Wealth Management LLC raised its position in shares of Globant by 9.4% during the 2nd quarter. IHT Wealth Management LLC now owns 4,390 shares of the information technology services provider’s stock valued at $399,000 after purchasing an additional 376 shares during the period. Sora Investors LLC raised its holdings in Globant by 0.4% during the fourth quarter. Sora Investors LLC now owns 85,714 shares of the information technology services provider’s stock valued at $5,603,000 after acquiring an additional 379 shares during the period. State of Wyoming boosted its stake in shares of Globant by 78.9% in the second quarter. State of Wyoming now owns 882 shares of the information technology services provider’s stock worth $80,000 after acquiring an additional 389 shares during the period. Advisors Asset Management Inc. raised its stake in Globant by 77.4% during the 4th quarter. Advisors Asset Management Inc. now owns 912 shares of the information technology services provider’s stock valued at $60,000 after purchasing an additional 398 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in Globant by 61.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,163 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 443 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Globant Company Profile

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.