Globant (GLOB) Scheduled to Post Quarterly Earnings on Thursday

Globant (NYSE:GLOB - Get Free Report) will be releasing its earnings data after the market closes on Thursday, November 14th. Analysts expect Globant to post earnings of $1.63 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Globant (NYSE:GLOB - Get Free Report) last issued its earnings results on Thursday, August 15th. The information technology services provider reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.01. The business had revenue of $587.46 million during the quarter, compared to analyst estimates of $586.72 million. Globant had a return on equity of 11.68% and a net margin of 7.39%. The firm's revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. On average, analysts expect Globant to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Globant Stock Down 1.1 %

GLOB stock traded down $2.65 during mid-day trading on Friday, reaching $231.36. 455,899 shares of the company traded hands, compared to its average volume of 478,711. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 61.11, a P/E/G ratio of 2.60 and a beta of 1.39. Globant has a fifty-two week low of $151.68 and a fifty-two week high of $251.50. The firm's 50 day moving average price is $205.47 and its 200 day moving average price is $189.06.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Piper Sandler reiterated an "overweight" rating and set a $240.00 price target (up previously from $238.00) on shares of Globant in a research note on Friday, August 16th. JPMorgan Chase & Co. lifted their price target on Globant from $237.00 to $248.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. KeyCorp lifted their price target on Globant from $220.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, August 16th. Jefferies Financial Group boosted their target price on Globant from $235.00 to $240.00 and gave the stock a "buy" rating in a research note on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Globant in a research note on Thursday, August 22nd. They issued a "hold" rating and a $210.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Globant currently has a consensus rating of "Moderate Buy" and an average price target of $226.21.

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.