Wall Street brokerages expect Globant SA (NYSE:GLOB) to post earnings per share of $0.59 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Globant’s earnings, with estimates ranging from $0.58 to $0.60. Globant reported earnings of $0.46 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 28.3%. The company is scheduled to announce its next quarterly earnings report on Thursday, November 21st.
According to Zacks, analysts expect that Globant will report full-year earnings of $2.24 per share for the current fiscal year, with EPS estimates ranging from $2.22 to $2.25. For the next year, analysts forecast that the business will report earnings of $2.75 per share, with EPS estimates ranging from $2.67 to $2.84. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Globant.
Globant (NYSE:GLOB) last posted its quarterly earnings data on Thursday, August 15th. The information technology services provider reported $0.40 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $157.50 million during the quarter, compared to the consensus estimate of $157.50 million. During the same period in the prior year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 23.0% compared to the same quarter last year.
GLOB has been the topic of a number of analyst reports. Cowen set a $116.00 price objective on shares of Globant and gave the company a “buy” rating in a research note on Friday, August 16th. HSBC lowered shares of Globant from a “hold” rating to a “reduce” rating and upped their price objective for the company from $52.00 to $80.00 in a research note on Tuesday, September 10th. Citigroup lowered shares of Globant from a “buy” rating to a “neutral” rating and upped their price objective for the company from $93.00 to $115.00 in a research note on Wednesday, July 17th. William Blair reaffirmed a “buy” rating on shares of Globant in a research note on Friday, August 16th. Finally, ValuEngine lowered shares of Globant from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Globant presently has a consensus rating of “Buy” and an average price target of $90.90.
Institutional investors have recently added to or reduced their stakes in the stock. FTB Advisors Inc. lifted its position in shares of Globant by 42.4% during the 2nd quarter. FTB Advisors Inc. now owns 373 shares of the information technology services provider’s stock valued at $37,000 after acquiring an additional 111 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Globant during the 2nd quarter valued at $152,000. NEXT Financial Group Inc lifted its position in shares of Globant by 15.3% during the 3rd quarter. NEXT Financial Group Inc now owns 1,569 shares of the information technology services provider’s stock valued at $144,000 after acquiring an additional 208 shares during the period. Winslow Evans & Crocker Inc. lifted its position in shares of Globant by 1,182.4% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,898 shares of the information technology services provider’s stock valued at $192,000 after acquiring an additional 1,750 shares during the period. Finally, KBC Group NV acquired a new position in shares of Globant during the 2nd quarter valued at $208,000. Institutional investors own 83.28% of the company’s stock.
Shares of NYSE:GLOB traded up $3.55 during trading on Monday, reaching $92.04. The stock had a trading volume of 275,605 shares, compared to its average volume of 292,321. The firm’s fifty day moving average is $93.03 and its 200 day moving average is $94.71. Globant has a 52 week low of $46.30 and a 52 week high of $112.33. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 66.22 and a beta of 0.90.
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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