Globant (GLOB) Expected to Announce Earnings on Thursday

Key Points

• Globant is projected to report Q2 2025 earnings on August 14th, with expected earnings of $1.52 per share and revenue of $612.66 million.
• For the last quarter, Globant reported $1.50 EPS, missing the consensus estimate by $0.08, with revenue also falling short of expectations.
• Mizuho has set a price objective of $153.00 on Globant stock, while other analysts are predicting varied price targets and ratings amidst recent downgrades.

Globant (NYSE:GLOB - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data after the market closes on Thursday, August 14th. Analysts expect the company to announce earnings of $1.52 per share and revenue of $612.66 million for the quarter. Globant has set its FY 2025 guidance at 6.100-6.100 EPS and its Q2 2025 guidance at 1.520-1.520 EPS.

Globant (NYSE:GLOB - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The information technology services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.08). Globant had a net margin of 6.16% and a return on equity of 11.08%. The business had revenue of $611.09 million during the quarter, compared to the consensus estimate of $622.18 million. During the same quarter in the previous year, the business posted $1.53 EPS. The company's revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts expect Globant to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Globant Price Performance

Globant stock traded down $0.93 during mid-day trading on Thursday, reaching $77.80. The company had a trading volume of 2,231,002 shares, compared to its average volume of 1,386,552. The business has a fifty day simple moving average of $90.36 and a 200 day simple moving average of $125.50. The company has a market cap of $3.43 billion, a P/E ratio of 23.02, a P/E/G ratio of 3.24 and a beta of 1.16. Globant has a fifty-two week low of $77.09 and a fifty-two week high of $238.32. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.13.

Analyst Ratings Changes

GLOB has been the topic of a number of analyst reports. Guggenheim reiterated a "buy" rating and issued a $125.00 price target on shares of Globant in a research report on Tuesday, June 10th. Susquehanna reduced their target price on Globant from $225.00 to $160.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Canaccord Genuity Group restated a "hold" rating and set a $97.00 price target (down previously from $165.00) on shares of Globant in a report on Thursday, June 26th. The Goldman Sachs Group lowered shares of Globant from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $225.00 to $120.00 in a research note on Friday, May 16th. Finally, Needham & Company LLC decreased their price objective on shares of Globant from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, May 16th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $165.69.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Globant stock. Goldman Sachs Group Inc. raised its stake in shares of Globant S.A. (NYSE:GLOB - Free Report) by 69.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 74,237 shares of the information technology services provider's stock after buying an additional 30,386 shares during the period. Goldman Sachs Group Inc. owned about 0.17% of Globant worth $8,739,000 as of its most recent SEC filing. Institutional investors own 91.60% of the company's stock.

About Globant

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.