Globant (NYSE:GLOB) Posts Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Globant reported earnings of $1.53 per share for the quarter, beating estimates by $0.01, with revenues of $614.18 million, surpassing forecasts of $612.66 million.
• The company's stock dipped 14.8% after the earnings report, trading at $66.54, significantly below its 12-month high of $238.32.
• Analysts have revised their price targets for Globant, with estimates ranging from $78.00 to $153.00, reflecting increasing skepticism and varying outlooks on the stock.

Globant (NYSE:GLOB - Get Free Report) released its quarterly earnings data on Thursday. The information technology services provider reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.01, Briefing.com reports. Globant had a return on equity of 10.76% and a net margin of 4.44%.The firm had revenue of $614.18 million for the quarter, compared to the consensus estimate of $612.66 million. During the same quarter in the prior year, the company posted $1.51 earnings per share. The firm's revenue was up 4.5% on a year-over-year basis. Globant updated its Q3 2025 guidance to 1.530- EPS and its FY 2025 guidance to 6.120- EPS.

Globant Stock Performance

GLOB stock traded down $0.1960 during midday trading on Wednesday, hitting $68.4540. The stock had a trading volume of 42,210 shares, compared to its average volume of 1,154,063. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 3.03 and a beta of 1.16. Globant has a 52 week low of $64.51 and a 52 week high of $238.32. The stock has a 50-day simple moving average of $86.26 and a 200 day simple moving average of $117.43. The company has a current ratio of 1.71, a quick ratio of 1.56 and a debt-to-equity ratio of 0.19.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GLOB. Occudo Quantitative Strategies LP raised its holdings in shares of Globant by 19.4% in the second quarter. Occudo Quantitative Strategies LP now owns 4,942 shares of the information technology services provider's stock valued at $449,000 after buying an additional 804 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Globant by 486.5% in the second quarter. Quantinno Capital Management LP now owns 17,080 shares of the information technology services provider's stock valued at $1,552,000 after buying an additional 14,168 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Globant by 80.1% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,832 shares of the information technology services provider's stock valued at $621,000 after buying an additional 3,039 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Globant by 6,875.8% in the second quarter. Alliancebernstein L.P. now owns 929,245 shares of the information technology services provider's stock valued at $84,413,000 after buying an additional 915,924 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Globant by 4.8% in the second quarter. Treasurer of the State of North Carolina now owns 20,163 shares of the information technology services provider's stock valued at $1,832,000 after buying an additional 923 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on GLOB. Needham & Company LLC lowered their price target on Globant from $115.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Scotiabank upgraded Globant from a "sector perform" rating to a "sector outperform" rating and set a $115.00 price target on the stock in a report on Monday, July 21st. Piper Sandler downgraded Globant from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $154.00 to $116.00 in a report on Friday, May 16th. Susquehanna lowered their price target on Globant from $225.00 to $160.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Finally, Mizuho set a $153.00 price target on Globant and gave the company an "outperform" rating in a report on Monday, May 19th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $147.13.

Globant Company Profile

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.