Globant (NYSE:GLOB - Get Free Report) is expected to be releasing its Q1 2025 earnings data before the market opens on Thursday, May 15th. Analysts expect Globant to post earnings of $1.59 per share and revenue of $622.18 million for the quarter. Globant has set its FY 2025 guidance at 6.800-7.200 EPS and its Q1 2025 guidance at 1.550-1.630 EPS.
Globant (NYSE:GLOB - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.75 by ($0.39). Globant had a return on equity of 11.83% and a net margin of 6.86%. The business had revenue of $642.48 million during the quarter, compared to analysts' expectations of $644.42 million. On average, analysts expect Globant to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Globant Stock Performance
Shares of Globant stock traded down $1.46 during trading hours on Friday, hitting $128.83. The company's stock had a trading volume of 717,833 shares, compared to its average volume of 610,537. Globant has a 12-month low of $96.23 and a 12-month high of $238.32. The business has a 50 day moving average price of $119.65 and a two-hundred day moving average price of $180.50. The company has a market cap of $5.67 billion, a PE ratio of 34.63, a PEG ratio of 2.38 and a beta of 1.37.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. StockNews.com raised shares of Globant from a "sell" rating to a "hold" rating in a report on Saturday, May 3rd. Scotiabank cut their price objective on Globant from $170.00 to $140.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 29th. Piper Sandler reduced their price objective on Globant from $230.00 to $154.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Redburn Atlantic raised Globant from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $140.00 to $150.00 in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group cut their target price on shares of Globant from $205.00 to $165.00 and set a "hold" rating for the company in a report on Monday, February 24th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $204.00.
Check Out Our Latest Stock Report on GLOB
About Globant
(
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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.
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