Globant (NYSE:GLOB) Updates FY 2026 Earnings Guidance

Key Points

• Globant guided FY 2026 EPS to $5.75–$6.15 and revenue to $2.4–$2.5 billion, broadly in line with analyst expectations, while setting Q3 EPS guidance at $1.43.
• The company’s latest quarter included an EPS miss of $1.40 versus the $1.50 consensus, although revenue of $614.42 million slightly exceeded estimates of $612.86 million.
• Shares rose 6.3% to $41.18, but analyst sentiment remains cautious: Globant has a consensus “Hold” rating and an average price target of $52.75 after several firms recently cut their targets.

Globant (NYSE:GLOB - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 5.750-6.150 for the period, compared to the consensus earnings per share 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.

Analysts Set New Price Targets

Several research firms recently commented on GLOB. Canaccord Genuity Group reduced their price target on shares of Globant from $50.00 to $40.00 and set a "hold" rating on the stock in a research note on Friday, May 15th. William Blair downgraded shares of Globant from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 30th. TD Cowen reduced their target price on shares of Globant from $59.00 to $47.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $33.00 price target on shares of Globant in a research note on Friday, July 10th. Finally, Citigroup lowered their price target on Globant from $42.00 to $37.00 and set a "neutral" rating for the company in a report on Monday, July 27th. Six research 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $52.75.

Globant Stock Up 6.3%

NYSE:GLOB traded up $2.44 during trading hours on Thursday, reaching $41.18. The company's stock had a trading volume of 3,708,677 shares, compared to its average volume of 1,686,499. The stock has a 50 day moving average price of $33.77 and a two-hundred day moving average price of $42.57. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market capitalization of $1.81 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.47 and a beta of 1.02. Globant has a 12 month low of $27.56 and a 12 month high of $79.65.

Globant (NYSE:GLOB - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share for the quarter, missing analysts' consensus estimates of $1.50 by ($0.10). Globant had a return on equity of 9.87% and a net margin of 4.46%.The company had revenue of $614.42 million for the quarter, compared to analysts' expectations of $612.86 million. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. Equities analysts predict that Globant will post 4.89 EPS for the current fiscal year.

Globant announced that its board has authorized a share repurchase plan on Monday, May 18th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On Globant

Several institutional investors have recently bought and sold shares of GLOB. Brooklyn Investment Group acquired a new stake in shares of Globant during the fourth quarter worth $214,000. Syon Capital LLC purchased a new stake in shares of Globant during the fourth quarter valued at $235,000. Private Advisor Group LLC acquired a new position in shares of Globant in the 3rd quarter valued at $237,000. Intech Investment Management LLC purchased a new position in Globant in the 3rd quarter worth $250,000. Finally, Osaic Holdings Inc. raised its stake 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 acquiring an additional 443 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

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.

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