Globant (NYSE:GLOB) Releases Q4 2021 Earnings Guidance

Globant (NYSE:GLOB) issued an update on its fourth quarter 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.010-$ for the period, compared to the Thomson Reuters consensus estimate of $0.970. The company issued revenue guidance of $359 M-, compared to the consensus revenue estimate of $340.95 million.

Shares of Globant stock traded down $3.23 during trading on Thursday, hitting $278.36. 770,327 shares of the stock traded hands, compared to its average volume of 260,118. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 134.47 and a beta of 1.33. The firm’s fifty day moving average is $306.84 and its 200-day moving average is $267.79. Globant has a 52 week low of $173.34 and a 52 week high of $354.62.

Globant (NYSE:GLOB) last posted its quarterly earnings results on Thursday, November 18th. The information technology services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.05. Globant had a return on equity of 10.67% and a net margin of 7.46%. The business had revenue of $341.83 million for the quarter, compared to analyst estimates of $326.80 million. During the same period last year, the company earned $0.43 EPS. Globant’s revenue for the quarter was up 65.0% compared to the same quarter last year. As a group, sell-side analysts expect that Globant will post 2.73 earnings per share for the current year.

Several equities analysts recently issued reports on the company. Jefferies Financial Group raised their price target on Globant from $290.00 to $371.00 and gave the stock a buy rating in a research report on Thursday, August 26th. JPMorgan Chase & Co. increased their price objective on Globant from $284.00 to $340.00 and gave the stock an overweight rating in a report on Tuesday, August 17th. Citigroup increased their price objective on Globant from $310.00 to $370.00 and gave the stock a buy rating in a report on Friday, November 19th. Zacks Investment Research cut Globant from a buy rating to a hold rating in a report on Wednesday. Finally, Piper Sandler increased their price objective on Globant from $300.00 to $352.00 and gave the stock an overweight rating in a report on Friday, November 19th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Buy and a consensus target price of $323.90.

Globant Company Profile

Globant SA engages in the provision of information technology services. It offers application development and maintenance, testing, and infrastructure management. The company was founded by Martín Migoya, Martín Gonzalo Umaran, Guibert Andrés Englebienne, and Néstor Augusto Nocetti in 2003 and is headquartered in Luxembourg.

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Earnings History and Estimates for Globant (NYSE:GLOB)

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