Globant (NYSE:GLOB) Issues Q3 2026 Earnings Guidance

Posted by on Aug 13th, 2026

Globant (NYSE:GLOB – Get Free Report) updated its third quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.430-1.430 for the period, compared to the consensus estimate of 1.520. The company issued revenue guidance of $607.0 million-$615.0 million, compared to the consensus revenue estimate of $626.2 million. Globant also updated its FY 2026 guidance to 5.750-6.150 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. TD Cowen cut their price target on shares of Globant from $59.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Wells Fargo & Company lowered their target price on Globant from $50.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. UBS Group lowered their price objective on Globant from $75.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Truist Financial cut their target price on Globant from $54.00 to $44.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Finally, Itau BBA Securities lowered Globant from an “outperform” rating to a “market perform” rating and set a $39.00 price target on the stock. in a report on Wednesday, July 8th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Globant has a consensus rating of “Hold” and a consensus target price of $52.75.

Read Our Latest Research Report on GLOB

Globant Trading Up 6.3%

Shares of NYSE GLOB traded up $2.44 during midday trading on Thursday, reaching $41.18. 3,783,390 shares of the stock were exchanged, compared to its average volume of 1,690,937. The stock has a market capitalization of $1.81 billion, a P/E ratio of 16.74, a PEG ratio of 1.47 and a beta of 1.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.82 and a current ratio of 1.82. The company has a 50 day simple moving average of $33.77 and a 200 day simple moving average of $42.57. Globant has a twelve month low of $27.56 and a twelve month high of $79.65.

Globant (NYSE:GLOB – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The information technology services provider reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. The company had revenue of $607.09 million during the quarter, compared to analyst estimates of $601.65 million. Globant had a return on equity of 9.87% and a net margin of 4.46%.The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.50 earnings per share. As a group, equities analysts expect that Globant will post 4.89 earnings per share for the current year.

Globant announced that its board has approved a share buyback plan on Monday, May 18th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of Globant

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Brooklyn Investment Group acquired a new stake in Globant in the 4th quarter valued at approximately $214,000. Syon Capital LLC acquired a new position in Globant during the fourth quarter worth $235,000. Private Advisor Group LLC acquired a new position in Globant during the third quarter worth $237,000. Intech Investment Management LLC purchased a new position in shares of Globant during the third quarter worth $250,000. Finally, Osaic Holdings Inc. boosted its position in shares of Globant by 61.5% during the second quarter. Osaic Holdings Inc. now owns 1,163 shares of the information technology services provider’s stock worth $114,000 after buying an additional 443 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

About Globant

(Get Free Report)

Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.

Globant’s service offerings span strategy consulting, custom software engineering, digital experience design and managed services.

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