Globant (GLOB) to Release Quarterly Earnings on Thursday

Globant (NYSE:GLOB) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 14th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Globant (NYSE:GLOB) last announced its earnings results on Thursday, August 15th. The information technology services provider reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). Globant had a net margin of 9.09% and a return on equity of 16.39%. The company had revenue of $157.50 million during the quarter, compared to analysts’ expectations of $157.50 million. During the same quarter last year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year. On average, analysts expect Globant to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of GLOB stock opened at $104.01 on Wednesday. The business’s 50 day moving average is $94.48 and its two-hundred day moving average is $95.81. Globant has a twelve month low of $48.95 and a twelve month high of $112.33. The company has a market capitalization of $3.72 billion, a P/E ratio of 74.83 and a beta of 0.93.

GLOB has been the topic of several analyst reports. Citigroup downgraded Globant from a “buy” rating to a “neutral” rating and lifted their target price for the company from $93.00 to $115.00 in a research note on Wednesday, July 17th. Cowen set a $116.00 price target on Globant and gave the company a “buy” rating in a report on Friday, August 16th. ValuEngine cut Globant from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research cut Globant from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 16th. Finally, HSBC cut Globant from a “hold” rating to a “reduce” rating and raised their price target for the company from $52.00 to $80.00 in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Globant has a consensus rating of “Buy” and a consensus price target of $90.90.

About Globant

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 for Globant (NYSE:GLOB)

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