Globant (NYSE:GLOB – Get Rating) issued an update on its second quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.20- for the period, compared to the consensus earnings per share estimate of $1.17. The company issued revenue guidance of $425.50M-, compared to the consensus revenue estimate of $425.09 million.Globant also updated its FY 2022 guidance to $4.94- EPS.
Shares of GLOB stock opened at $181.10 on Thursday. Globant has a 12 month low of $159.56 and a 12 month high of $354.62. The firm has a market capitalization of $7.59 billion, a P/E ratio of 69.12 and a beta of 1.51. The company’s fifty day moving average price is $225.73 and its two-hundred day moving average price is $253.50.
Globant (NYSE:GLOB – Get Rating) last issued its quarterly earnings data on Thursday, May 19th. The information technology services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.03. Globant had a net margin of 7.77% and a return on equity of 11.16%. The firm had revenue of $401.38 million for the quarter, compared to analyst estimates of $397.41 million. During the same quarter in the previous year, the business posted $0.66 EPS. The firm’s revenue was up 48.6% compared to the same quarter last year. Research analysts predict that Globant will post 3.98 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC bought a new position in Globant in the 4th quarter worth about $79,000. Advisors Asset Management Inc. bought a new position in Globant in the 1st quarter worth about $72,000. Loomis Sayles & Co. L P grew its position in Globant by 22.2% in the 1st quarter. Loomis Sayles & Co. L P now owns 468 shares of the information technology services provider’s stock worth $123,000 after purchasing an additional 85 shares during the last quarter. Lazard Asset Management LLC grew its position in Globant by 268.5% in the 1st quarter. Lazard Asset Management LLC now owns 678 shares of the information technology services provider’s stock worth $177,000 after purchasing an additional 494 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in Globant by 10.5% in the 1st quarter. Orion Portfolio Solutions LLC now owns 769 shares of the information technology services provider’s stock worth $202,000 after purchasing an additional 73 shares during the last quarter. 88.21% of the stock is owned by institutional investors and hedge funds.
Globant Company Profile (Get Rating)
Globant SA operates as a technology services company worldwide. It offers e-commerce, new distribution capabilities, augmented revenue management, hyper connected operation, and conversational user experience services through reinvention studios; digital lending, commercial effectiveness, finance, sustainability, regulation analytic, transformation and post-merger integration, and payment and open banking services; and game and graphic engineering, UI and UX design, game as a service, DevOps, and online services, as well as high tech tools.
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