Globant (GLOB) Scheduled to Post Quarterly Earnings on Thursday

Globant (NYSE:GLOBGet Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 15th. Analysts expect Globant to post earnings of $1.34 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Globant (NYSE:GLOBGet Free Report) last issued its quarterly earnings results on Thursday, November 16th. The information technology services provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.06). The company had revenue of $545.28 million during the quarter, compared to the consensus estimate of $544.64 million. Globant had a return on equity of 11.34% and a net margin of 7.76%. On average, analysts expect Globant to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Globant Stock Performance

NYSE GLOB opened at $240.00 on Tuesday. Globant has a 52-week low of $135.40 and a 52-week high of $251.50. The company has a fifty day moving average of $234.17 and a 200-day moving average of $206.10. The company has a market capitalization of $10.19 billion, a P/E ratio of 67.04 and a beta of 1.39.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on GLOB shares. Mizuho started coverage on Globant in a research note on Tuesday, January 30th. They set a “buy” rating and a $283.00 price target for the company. Citigroup upped their target price on Globant from $215.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Wedbush reiterated an “outperform” rating and set a $250.00 price target on shares of Globant in a research report on Friday, November 17th. Piper Sandler boosted their price objective on shares of Globant from $217.00 to $257.00 and gave the stock an “overweight” rating in a report on Friday, December 15th. Finally, Itau BBA Securities cut shares of Globant from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 5th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Globant currently has a consensus rating of “Moderate Buy” and a consensus price target of $236.88.

Read Our Latest Stock Report on GLOB

Institutional Trading of Globant

Several large investors have recently modified their holdings of the business. Norges Bank bought a new position in shares of Globant during the fourth quarter valued at approximately $71,313,000. Price T Rowe Associates Inc. MD boosted its position in Globant by 15.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,086,471 shares of the information technology services provider’s stock valued at $519,021,000 after acquiring an additional 416,119 shares in the last quarter. Wolf Hill Capital Management LP bought a new stake in Globant during the 1st quarter valued at approximately $50,388,000. Westfield Capital Management Co. LP purchased a new position in shares of Globant during the 1st quarter worth approximately $43,211,000. Finally, Whale Rock Capital Management LLC bought a new position in shares of Globant in the 2nd quarter worth approximately $26,199,000. 91.49% of the stock is owned by institutional investors.

Globant Company Profile

(Get Free Report)

Globant SA operates as a technology services company worldwide. The company offers e-commerce, new distribution capabilities, augmented revenue management, hyper connected operation, and conversational user experience services through reinvention studios; digital lending, commercial effectiveness, finance, sustainability, regulation analytic, transformation and post-merger integration, and payment and open banking services; and game and graphic engineering, UI and UX design, game as a service, DevOps, and online services, as well as high tech tools.

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Earnings History for Globant (NYSE:GLOB)

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