Globant (NYSE:GLOB) Issues FY 2025 Earnings Guidance

Globant (NYSE:GLOB) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 6.100-6.100 for the period, compared to the consensus earnings per share estimate of 6.820. The company issued revenue guidance of $2.5 billion-$2.5 billion, compared to the consensus revenue estimate of $2.6 billion. Globant also updated its Q2 2025 guidance to 1.520-1.520 EPS.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GLOB shares. UBS Group cut their price target on Globant from $217.00 to $190.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Needham & Company LLC cut their target price on Globant from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday. StockNews.com cut Globant from a “hold” rating to a “sell” rating in a research report on Sunday, May 11th. Redburn Atlantic raised shares of Globant from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $140.00 to $150.00 in a research report on Tuesday, February 25th. Finally, Jefferies Financial Group boosted their target price on shares of Globant from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $190.06.

Globant Price Performance

Shares of NYSE:GLOB opened at $133.01 on Friday. Globant has a one year low of $93.25 and a one year high of $238.32. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 2.38 and a beta of 1.37. The firm has a 50 day simple moving average of $119.37 and a 200 day simple moving average of $178.25.

Globant (NYSE:GLOB) last announced its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.39). Globant had a return on equity of 11.83% and a net margin of 6.86%. The company had revenue of $642.48 million for the quarter, compared to analyst estimates of $644.42 million. As a group, analysts expect that Globant will post 5.73 EPS for the current year.

Globant Company Profile

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.