Globant (NYSE:GLOB - Get Free Report) issued an update on its third quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.530- for the period. The company issued revenue guidance of $615.0 million-. Globant also updated its FY 2025 guidance to 6.120- EPS.
Globant Stock Performance
NYSE GLOB traded up $0.4370 during mid-day trading on Tuesday, reaching $68.7170. 1,713,547 shares of the stock were exchanged, compared to its average volume of 2,072,240. The business's 50 day moving average is $86.26 and its 200-day moving average is $117.43. Globant has a 1 year low of $64.51 and a 1 year high of $238.32. The company has a market capitalization of $3.03 billion, a P/E ratio of 27.93, a P/E/G ratio of 3.03 and a beta of 1.16. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.56 and a current ratio of 1.71.
Globant (NYSE:GLOB - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The information technology services provider reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.01. Globant had a net margin of 4.44% and a return on equity of 10.76%. The firm had revenue of $614.18 million for the quarter, compared to the consensus estimate of $612.66 million. During the same period in the prior year, the firm posted $1.51 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. Globant has set its Q3 2025 guidance at 1.530- EPS. FY 2025 guidance at 6.120- EPS. On average, equities research analysts forecast that Globant will post 5.73 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
GLOB has been the topic of a number of recent analyst reports. Piper Sandler downgraded shares of Globant from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $154.00 to $116.00 in a report on Friday, May 16th. Susquehanna decreased their price objective on shares of Globant from $225.00 to $160.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Guggenheim reaffirmed a "buy" rating and set a $125.00 price objective on shares of Globant in a report on Tuesday, June 10th. The Goldman Sachs Group decreased their price objective on shares of Globant from $120.00 to $105.00 and set a "neutral" rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. downgraded shares of Globant from an "overweight" rating to a "neutral" rating and set a $78.00 price objective on the stock. in a report on Friday. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $147.13.
Check Out Our Latest Research Report on GLOB
Hedge Funds Weigh In On Globant
Several hedge funds and other institutional investors have recently modified their holdings of GLOB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Globant in the first quarter worth about $447,000. Goldman Sachs Group Inc. lifted its stake in shares of Globant by 69.3% in the first quarter. Goldman Sachs Group Inc. now owns 74,237 shares of the information technology services provider's stock worth $8,739,000 after buying an additional 30,386 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Globant by 61.9% in the second quarter. First Trust Advisors LP now owns 102,280 shares of the information technology services provider's stock worth $9,291,000 after buying an additional 39,122 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Globant by 823.2% in the second quarter. Marshall Wace LLP now owns 105,894 shares of the information technology services provider's stock worth $9,619,000 after buying an additional 94,424 shares in the last quarter. Finally, Amundi lifted its stake in shares of Globant by 192.7% in the second quarter. Amundi now owns 7,970 shares of the information technology services provider's stock worth $727,000 after buying an additional 5,247 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.
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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