Globant (NYSE:GLOB) Updates Q3 2026 Earnings Guidance

Key Points

• Globant lowered its Q3 2026 outlook, guiding to EPS of $1.43 and revenue of $607 million-$615 million, below analyst estimates of $1.52 EPS and $626.2 million revenue. Full-year 2026 EPS guidance remains $5.75-$6.15.
• Despite the weaker guidance, shares rose 6.3% to $41.18 in Thursday trading. Analysts maintain a consensus “Hold” rating, with an average price target of $52.75.
• The company has a $50 million share-repurchase authorization, allowing it to buy back up to 2.9% of outstanding shares, while institutional investors own 91.6% of the stock.

Globant (NYSE:GLOB - Get Free Report) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 1.430-1.430 for the period, compared to the consensus earnings per share estimate of 1.520. The company issued revenue guidance of $607.0 million-$615.0 million, compared to the consensus revenue estimate of $626.2 million. Globant also updated its FY 2026 guidance to 5.750-6.150 EPS.

Analyst Ratings Changes

GLOB has been the topic of several recent research reports. TD Cowen cut their price target on Globant from $59.00 to $47.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. William Blair lowered shares of Globant from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 30th. Needham & Company LLC cut their price target on shares of Globant from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft set a $33.00 target price on Globant in a research report on Friday, July 10th. Finally, The Goldman Sachs Group cut their price objective on shares of Globant from $68.00 to $60.00 and set a "neutral" rating for the company in a report on Friday, May 15th. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $52.75.

Globant Trading Up 6.3%

Shares of GLOB traded up $2.44 during mid-day trading 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 market cap of $1.81 billion, a PE ratio of 16.74, a P/E/G ratio of 1.47 and a beta of 1.02. The company's fifty day moving average price is $33.77 and its two-hundred day moving average price is $42.57. Globant has a 52 week low of $27.56 and a 52 week high of $79.65. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.16.

Globant (NYSE:GLOB - Get Free Report) last released its earnings results 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). The company had revenue of $614.42 million during the quarter, compared to the consensus estimate of $612.86 million. Globant had a net margin of 4.46% and a return on equity of 9.87%. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. On average, analysts predict that Globant will post 4.89 earnings per share for the current fiscal year.

Globant announced that its board has authorized a stock repurchase program on Monday, May 18th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the information technology services provider to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Globant by 618,600.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 167,049 shares of the information technology services provider's stock valued at $10,920,000 after buying an additional 167,022 shares in the last quarter. Invesco Ltd. raised its stake in Globant by 56.2% during the fourth quarter. Invesco Ltd. now owns 111,595 shares of the information technology services provider's stock valued at $7,295,000 after buying an additional 40,166 shares during the last quarter. Corient Private Wealth LLC bought a new position in shares of Globant during the fourth quarter valued at $5,809,000. Mercer Global Advisors Inc. ADV bought a new position in Globant in the 4th quarter worth about $568,000. Finally, Caitlin John LLC raised its holdings in Globant by 127.3% in the fourth quarter. Caitlin John LLC now owns 2,623 shares of the information technology services provider's stock worth $171,000 after buying an additional 1,469 shares during the last quarter. Institutional investors own 91.60% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source