Globant (GLOB) Projected to Post Quarterly Earnings on Thursday

Globant (NYSE:GLOB) is projected to announce its Q1 2025 earnings results before the market opens on Thursday, May 15th. Analysts expect the company to announce 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 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.39). The company had revenue of $642.48 million for the quarter, compared to analyst estimates of $644.42 million. Globant had a return on equity of 11.83% and a net margin of 6.86%. On average, analysts expect Globant to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Globant Stock Up 7.7%

Globant stock opened at $138.73 on Tuesday. The company has a 50 day moving average of $119.48 and a 200-day moving average of $179.42. Globant has a twelve month low of $96.23 and a twelve month high of $238.32. The stock has a market capitalization of $6.11 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 2.38 and a beta of 1.37.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GLOB shares. Redburn Atlantic raised shares of Globant from a “sell” rating to a “neutral” rating and upped their target price for the stock from $140.00 to $150.00 in a research note on Tuesday, February 25th. Piper Sandler reduced their price objective on Globant from $230.00 to $154.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Jefferies Financial Group lifted their target price on Globant from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. UBS Group cut their target price on Globant from $217.00 to $190.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, Susquehanna decreased their price target on shares of Globant from $225.00 to $160.00 and set a “positive” rating for the company in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.00.

Globant Company Profile

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.