Globant (GLOB) to Release Quarterly Earnings on Thursday

Globant (NYSE:GLOBGet Free Report) is scheduled to release its earnings data after the market closes on Thursday, August 15th. Analysts expect Globant to post earnings of $1.51 per share for the quarter.

Globant (NYSE:GLOBGet Free Report) last posted its quarterly earnings results on Thursday, May 16th. The information technology services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.18 by $0.01. Globant had a net margin of 7.62% and a return on equity of 11.60%. The firm had revenue of $571.08 million for the quarter, compared to analyst estimates of $570.72 million. 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

Globant stock traded down $0.82 during trading on Friday, reaching $183.14. 55,211 shares of the company’s stock were exchanged, compared to its average volume of 508,914. The company’s 50-day moving average is $177.37 and its two-hundred day moving average is $194.79. Globant has a 52-week low of $151.68 and a 52-week high of $251.50. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of 47.61, a PEG ratio of 1.98 and a beta of 1.41.

Analyst Ratings Changes

A number of research firms recently weighed in on GLOB. Canaccord Genuity Group lowered their price target on shares of Globant from $230.00 to $175.00 and set a “hold” rating for the company in a report on Friday, May 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $200.00 target price on shares of Globant in a research report on Thursday, June 13th. Scotiabank boosted their price target on Globant from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. UBS Group upgraded Globant from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $240.00 to $230.00 in a research note on Tuesday, May 28th. Finally, Mizuho cut their target price on Globant from $279.00 to $252.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $217.28.

Check Out Our Latest Report on Globant

Globant Company Profile

(Get Free Report)

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.

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Earnings History for Globant (NYSE:GLOB)

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