Globant (GLOB) Expected to Announce Earnings on Thursday

Globant (NYSE:GLOB) will likely be posting its Q1 2025 quarterly earnings results before the market opens on Thursday, May 15th. Analysts expect Globant to post earnings of $1.59 per share and revenue of $622.18 million for the quarter. Globant has set its FY 2025 guidance at 6.800-7.200 EPS and its Q1 2025 guidance at 1.550-1.630 EPS.

Globant (NYSE:GLOB) last announced its earnings results on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.39). The company had revenue of $642.48 million during the quarter, compared to the consensus estimate of $644.42 million. Globant had a net margin of 6.86% and a return on equity of 11.83%. On average, analysts expect Globant to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Globant Price Performance

Globant stock opened at $122.87 on Thursday. Globant has a 12-month low of $96.23 and a 12-month high of $238.32. The stock has a market capitalization of $5.41 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 2.38 and a beta of 1.37. The firm has a 50 day simple moving average of $120.26 and a 200-day simple moving average of $181.77.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GLOB. Piper Sandler dropped their price target on shares of Globant from $230.00 to $154.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. StockNews.com raised shares of Globant from a “sell” rating to a “hold” rating in a research note on Saturday, May 3rd. Scotiabank decreased their price target on shares of Globant from $170.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 29th. Canaccord Genuity Group dropped their price target on Globant from $205.00 to $165.00 and set a “hold” rating on the stock in a report on Monday, February 24th. Finally, Redburn Atlantic raised Globant from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $140.00 to $150.00 in a research note on Tuesday, February 25th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.00.

About Globant

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.