Brokerages expect Globant SA (NYSE:GLOB) to report earnings per share (EPS) of $0.38 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Globant’s earnings, with estimates ranging from $0.37 to $0.39. Globant posted earnings per share of $0.31 during the same quarter last year, which suggests a positive year over year growth rate of 22.6%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, February 15th.

On average, analysts expect that Globant will report full year earnings of $1.27 per share for the current year, with EPS estimates ranging from $1.26 to $1.28. For the next year, analysts forecast that the company will report earnings of $1.55 per share, with EPS estimates ranging from $1.47 to $1.59. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Globant.

Globant (NYSE:GLOB) last issued its earnings results on Thursday, November 16th. The information technology services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.09). Globant had a return on equity of 13.55% and a net margin of 7.60%.

Several research analysts have commented on GLOB shares. Zacks Investment Research lowered Globant from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 22nd. KeyCorp reaffirmed a “hold” rating on shares of Globant in a research report on Thursday, September 28th. BidaskClub raised Globant from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. SunTrust Banks reaffirmed a “hold” rating on shares of Globant in a research report on Sunday, October 22nd. Finally, Cowen reaffirmed a “buy” rating and set a $50.00 price target on shares of Globant in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.20.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital World Investors increased its position in Globant by 0.4% during the second quarter. Capital World Investors now owns 3,009,468 shares of the information technology services provider’s stock worth $130,731,000 after buying an additional 12,293 shares during the period. Riverbridge Partners LLC grew its stake in shares of Globant by 63.5% in the 3rd quarter. Riverbridge Partners LLC now owns 1,625,091 shares of the information technology services provider’s stock valued at $65,117,000 after purchasing an additional 631,089 shares during the last quarter. Wasatch Advisors Inc. grew its stake in shares of Globant by 6.6% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,531,564 shares of the information technology services provider’s stock valued at $66,531,000 after purchasing an additional 94,412 shares during the last quarter. Grandeur Peak Global Advisors LLC grew its stake in shares of Globant by 0.8% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 521,025 shares of the information technology services provider’s stock valued at $22,633,000 after purchasing an additional 3,975 shares during the last quarter. Finally, RWC Asset Management LLP grew its stake in shares of Globant by 9.4% in the 3rd quarter. RWC Asset Management LLP now owns 431,416 shares of the information technology services provider’s stock valued at $17,287,000 after purchasing an additional 37,192 shares during the last quarter. 64.70% of the stock is currently owned by institutional investors.

Globant (NYSE GLOB) opened at $48.14 on Wednesday. The company has a market capitalization of $1,670.00, a P/E ratio of 60.94 and a beta of 0.83. Globant has a 12-month low of $32.11 and a 12-month high of $48.39.

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About Globant

Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.

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