Globant (GLOB) Scheduled to Post Quarterly Earnings on Thursday

Globant (NYSE:GLOB) will be posting its quarterly earnings results after the market closes on Thursday, November 14th. Analysts expect Globant to post earnings of $1.63 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Thursday, August 15th. The information technology services provider reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.01. Globant had a net margin of 7.39% and a return on equity of 11.68%. The firm had revenue of $587.46 million for the quarter, compared to analysts’ expectations of $586.72 million. During the same quarter in the previous year, the company posted $1.04 EPS. The company’s revenue 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 Trading Up 0.5 %

Globant stock opened at $235.11 on Wednesday. The company has a 50-day moving average price of $206.69 and a 200 day moving average price of $189.90. Globant has a 12-month low of $151.68 and a 12-month high of $251.50. The stock has a market cap of $10.13 billion, a P/E ratio of 61.63, a PEG ratio of 2.84 and a beta of 1.39.

Wall Street Analyst Weigh In

GLOB has been the topic of several analyst reports. Scotiabank lifted their price target on shares of 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 initiated coverage on Globant in a research report on Thursday, August 22nd. They issued a “hold” rating and a $210.00 target price on the stock. Piper Sandler reiterated an “overweight” rating and set a $240.00 price target (up from $238.00) on shares of Globant in a report on Friday, August 16th. TD Cowen upped their target price on shares of Globant from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Needham & Company LLC increased their target price on shares of Globant from $200.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.