Globant (GLOB) Set to Announce Earnings on Thursday

Globant (NYSE:GLOB) will be releasing its earnings data after the market closes on Thursday, November 14th. Analysts expect Globant to post earnings of $1.63 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Globant (NYSE:GLOB) last issued its quarterly earnings data on Thursday, August 15th. The information technology services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.01. The firm had revenue of $587.46 million during the quarter, compared to analysts’ expectations of $586.72 million. Globant had a return on equity of 11.68% and a net margin of 7.39%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 EPS. On average, analysts expect Globant to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Globant Stock Performance

Shares of Globant stock opened at $235.11 on Wednesday. The company has a market capitalization of $10.13 billion, a PE ratio of 61.63, a P/E/G ratio of 2.84 and a beta of 1.39. The company has a 50-day simple moving average of $206.69 and a two-hundred day simple moving average of $189.90. Globant has a one year low of $151.68 and a one year high of $251.50.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on GLOB shares. Citigroup increased their target price on shares of Globant from $240.00 to $251.00 and gave the company a “buy” rating in a research report on Monday, October 28th. TD Cowen raised their price objective on Globant from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. KeyCorp boosted their target price on Globant from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft initiated coverage on Globant in a research note on Thursday, August 22nd. They issued a “hold” rating and a $210.00 price target for the company. Finally, Jefferies Financial Group boosted their price target on Globant from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $227.00.

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.