Globant (GLOB) Scheduled to Post Earnings on Thursday

Globant (NYSE:GLOB) will be issuing its quarterly earnings data after the market closes on Thursday, November 14th. Analysts expect Globant to post earnings of $1.63 per share for the quarter.

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

Globant Price Performance

Shares of GLOB opened at $234.06 on Friday. The firm has a 50-day simple moving average of $205.47 and a two-hundred day simple moving average of $189.06. The stock has a market cap of $10.09 billion, a PE ratio of 61.11, a P/E/G ratio of 2.60 and a beta of 1.39. Globant has a 1-year low of $151.68 and a 1-year high of $251.50.

Analysts Set New Price Targets

A number of analysts have issued reports on GLOB shares. Scotiabank boosted their target price on Globant from $200.00 to $210.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Globant in a report on Thursday, August 22nd. They set a “hold” rating and a $210.00 target price for the company. KeyCorp lifted their target price on Globant from $220.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. UBS Group reaffirmed a “neutral” rating and set a $235.00 price objective (up previously from $225.00) on shares of Globant in a research report on Tuesday, August 20th. Finally, TD Cowen lifted their target price on Globant from $220.00 to $230.00 and gave the company a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $226.21.

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.