Globant (GLOB) Scheduled to Post Earnings on Thursday

Globant (NYSE:GLOB) will release its earnings data after the market closes on Thursday, November 14th. Analysts expect Globant to post earnings of $1.63 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Globant (NYSE:GLOB) last released its earnings results on Thursday, August 15th. The information technology services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.50 by $0.01. The firm had revenue of $587.46 million during the quarter, compared to analysts’ expectations of $586.72 million. Globant had a return on equity of 11.68% and a net margin of 7.39%. Globant’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 EPS. 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

NYSE:GLOB opened at $234.02 on Tuesday. The stock has a 50-day simple moving average of $206.06 and a 200-day simple moving average of $189.52. The stock has a market cap of $10.08 billion, a P/E ratio of 61.10, a P/E/G ratio of 2.84 and a beta of 1.39. Globant has a 1 year low of $151.68 and a 1 year high of $251.50.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. KeyCorp upped their price objective on Globant from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Piper Sandler reissued an “overweight” rating and issued a $240.00 target price (up from $238.00) on shares of Globant in a research report on Friday, August 16th. JPMorgan Chase & Co. upped their target price on Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Scotiabank upped 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. Finally, Needham & Company LLC upped their target price on Globant from $200.00 to $245.00 and gave the company a “buy” rating in a research report 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $227.00.

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.