Globant (GLOB) to Release Earnings on Thursday

Globant (NYSE:GLOB - Get Free Report) is scheduled to announce its earnings results after the market closes on Thursday, May 16th. Analysts expect the company to announce earnings of $1.53 per share for the quarter. Globant has set its Q1 guidance at $1.53 EPS and its FY24 guidance at $6.50 EPS.Investors that wish to register for the company's conference call can do so using this link.

Globant (NYSE:GLOB - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The information technology services provider reported $1.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.08). Globant had a return on equity of 11.38% and a net margin of 7.56%. The business had revenue of $580.71 million for the quarter, compared to analyst estimates of $579.70 million. On average, analysts expect Globant to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Globant Price Performance

Globant stock traded down $0.14 during midday trading on Friday, reaching $173.04. The company's stock had a trading volume of 823,198 shares, compared to its average volume of 367,242. Globant has a 52-week low of $135.40 and a 52-week high of $251.50. The stock has a market capitalization of $7.46 billion, a P/E ratio of 47.67, a PEG ratio of 1.44 and a beta of 1.35. The stock's 50-day simple moving average is $195.95 and its 200-day simple moving average is $211.47.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup decreased their price target on shares of Globant from $275.00 to $235.00 and set a "buy" rating for the company in a report on Monday, April 22nd. Guggenheim started coverage on Globant in a research note on Tuesday, March 19th. They set a "buy" rating and a $250.00 price target on the stock. Canaccord Genuity Group restated a "hold" rating and issued a $230.00 price objective on shares of Globant in a research note on Tuesday, February 20th. Needham & Company LLC upped their target price on Globant from $215.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, January 26th. Finally, HSBC reduced their price target on shares of Globant from $275.00 to $270.00 and set a "buy" rating for the company in a research report on Wednesday, April 3rd. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $242.59.

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.