Globant (GLOB) Projected to Release Earnings on Thursday

Globant (NYSE:GLOB) is anticipated to post its Q2 2026 results after the market closes on Thursday, August 13th. Analysts expect the company to announce earnings of $1.50 per share and revenue of $613.0240 million for the quarter. Interested persons can find conference call details on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, August 13, 2026 at 4:30 PM ET.

Globant (NYSE:GLOB) last released its earnings results on Friday, May 15th. The information technology services provider reported $1.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.50. Globant had a net margin of 4.46% and a return on equity of 9.87%. The company had revenue of $607.09 million for the quarter, compared to analyst estimates of $601.65 million. During the same period in the prior year, the business earned $1.50 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts expect Globant to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Globant Stock Performance

Shares of GLOB stock opened at $38.33 on Thursday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.16. Globant has a 52 week low of $27.56 and a 52 week high of $82.71. The stock has a market capitalization of $1.68 billion, a PE ratio of 15.58, a P/E/G ratio of 1.44 and a beta of 1.02. The firm has a 50 day moving average of $34.09 and a two-hundred day moving average of $43.59.

Globant announced that its board has authorized a share repurchase program on Monday, May 18th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Globant

Hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Globant in the first quarter valued at approximately $447,000. Goldman Sachs Group Inc. raised its holdings in Globant by 69.3% during the first quarter. Goldman Sachs Group Inc. now owns 74,237 shares of the information technology services provider’s stock worth $8,739,000 after purchasing an additional 30,386 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Globant by 61.9% during the 2nd quarter. First Trust Advisors LP now owns 102,280 shares of the information technology services provider’s stock worth $9,291,000 after buying an additional 39,122 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Globant by 823.2% during the 2nd quarter. Marshall Wace LLP now owns 105,894 shares of the information technology services provider’s stock worth $9,619,000 after buying an additional 94,424 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Globant by 192.7% in the 2nd quarter. Amundi now owns 7,970 shares of the information technology services provider’s stock valued at $727,000 after buying an additional 5,247 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on GLOB. William Blair downgraded Globant from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. UBS Group lowered their price objective on Globant from $75.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. The Goldman Sachs Group reduced their target price on shares of Globant from $68.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Citigroup lowered their price target on shares of Globant from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Finally, Truist Financial dropped their price objective on shares of Globant from $54.00 to $44.00 and set a “hold” rating on the stock in a research report on Friday, May 15th. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $52.75.

About Globant

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.