Analysts forecast that Globant SA (NYSE:GLOB) will report earnings of $0.59 per share for the current quarter, Zacks reports. Four analysts have made estimates for Globant’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.60. Globant reported earnings per share of $0.46 in the same quarter last year, which indicates a positive year-over-year growth rate of 28.3%. The firm is scheduled to announce its next earnings report on Thursday, November 21st.

On average, analysts expect that Globant will report full-year earnings of $2.24 per share for the current fiscal year, with EPS estimates ranging from $2.22 to $2.25. For the next financial year, analysts forecast that the firm will post earnings of $2.75 per share, with EPS estimates ranging from $2.64 to $2.84. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Globant.

Globant (NYSE:GLOB) last released its quarterly earnings data on Thursday, August 15th. The information technology services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). The business had revenue of $157.50 million during the quarter, compared to analysts’ expectations of $157.50 million. Globant had a net margin of 9.09% and a return on equity of 16.39%. The firm’s revenue was up 23.0% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share.

A number of analysts recently issued reports on GLOB shares. Citigroup downgraded shares of Globant from a “buy” rating to a “neutral” rating and increased their price target for the stock from $93.00 to $115.00 in a report on Wednesday, July 17th. Cowen set a $116.00 price target on shares of Globant and gave the stock a “buy” rating in a report on Friday, August 16th. William Blair reissued a “buy” rating on shares of Globant in a report on Friday, August 16th. Wedbush reissued an “outperform” rating and set a $90.00 price target (up from $75.00) on shares of Globant in a report on Wednesday, May 8th. Finally, Zacks Investment Research raised shares of Globant from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Wednesday. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $89.30.

A number of large investors have recently bought and sold shares of the business. Vestmark Advisory Solutions Inc. purchased a new position in shares of Globant in the second quarter valued at approximately $290,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Globant in the second quarter valued at approximately $152,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Globant in the second quarter valued at approximately $5,133,000. California Public Employees Retirement System boosted its stake in shares of Globant by 5.2% in the second quarter. California Public Employees Retirement System now owns 59,087 shares of the information technology services provider’s stock valued at $5,971,000 after purchasing an additional 2,936 shares during the period. Finally, Bamco Inc. NY boosted its stake in shares of Globant by 3.2% in the second quarter. Bamco Inc. NY now owns 35,781 shares of the information technology services provider’s stock valued at $3,616,000 after purchasing an additional 1,101 shares during the period. Institutional investors own 85.25% of the company’s stock.

Shares of GLOB stock traded up $3.84 during trading hours on Wednesday, hitting $93.63. The company’s stock had a trading volume of 315,061 shares, compared to its average volume of 305,033. The company has a 50 day moving average of $105.12 and a 200 day moving average of $87.00. The stock has a market cap of $3.59 billion, a PE ratio of 67.36 and a beta of 0.84. The company has a current ratio of 2.26, a quick ratio of 2.29 and a debt-to-equity ratio of 0.14. Globant has a 12-month low of $46.30 and a 12-month high of $112.33.

Globant Company Profile

Globant SA, a technology services company, provides services related to application development, testing, infrastructure management, and application maintenance worldwide. The company offers machine learning, pattern recognition, natural language understanding, future of organizations, customer insight, behavioral change, product innovation, design thinking, product management discovery and delivery, and product coaching services.

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Earnings History and Estimates for Globant (NYSE:GLOB)

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