Globant (NYSE:GLOB) Updates FY 2025 Earnings Guidance

Globant (NYSE:GLOB) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 6.800-7.200 for the period, compared to the consensus earnings per share estimate of 7.340. The company issued revenue guidance of $2.6 billion-$2.7 billion, compared to the consensus revenue estimate of $2.8 billion. Globant also updated its Q1 2025 guidance to 1.550-1.630 EPS.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GLOB. TD Cowen upped their target price on Globant from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 15th. JPMorgan Chase & Co. dropped their target price on Globant from $248.00 to $242.00 and set an “overweight” rating on the stock in a report on Friday. UBS Group dropped their target price on Globant from $222.00 to $217.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Piper Sandler dropped their target price on Globant from $237.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Needham & Company LLC dropped their target price on Globant from $265.00 to $220.00 and set a “buy” rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $227.06.

Globant Stock Down 27.7 %

Shares of GLOB stock opened at $152.02 on Friday. Globant has a 12 month low of $151.38 and a 12 month high of $238.32. The company has a market cap of $6.55 billion, a PE ratio of 40.86, a price-to-earnings-growth ratio of 2.38 and a beta of 1.39. The business’s 50 day moving average is $215.37 and its two-hundred day moving average is $210.82.

Globant (NYSE:GLOB) last posted its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.39). The business had revenue of $642.48 million during the quarter, compared to the consensus estimate of $644.42 million. Globant had a net margin of 6.86% and a return on equity of 11.83%. As a group, equities analysts expect that Globant will post 5.73 EPS for the current fiscal year.

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.