Globant (NYSE:GLOB) Releases FY 2026 Earnings Guidance

Globant (NYSE:GLOB) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 6.100-6.500 for the period, compared to the consensus earnings per share estimate of 5.990. The company issued revenue guidance of $2.5 billion-$2.5 billion, compared to the consensus revenue estimate of $2.5 billion. Globant also updated its Q2 2026 guidance to 1.450-1.550 EPS.

Wall Street Analyst Weigh In

GLOB has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of Globant in a research note on Thursday, March 19th. Guggenheim lowered their target price on Globant from $80.00 to $65.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Wedbush initiated coverage on Globant in a research report on Thursday, April 9th. They set an “outperform” rating and a $61.00 price target on the stock. UBS Group reduced their price target on Globant from $75.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Finally, Canaccord Genuity Group lowered their price objective on Globant from $70.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, February 27th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Globant presently has a consensus rating of “Hold” and an average target price of $72.50.

Globant Trading Up 3.9%

Shares of GLOB stock traded up $1.28 during trading on Thursday, hitting $34.03. 3,032,974 shares of the stock traded hands, compared to its average volume of 1,464,334. Globant has a 52-week low of $32.50 and a 52-week high of $133.36. The firm’s fifty day moving average price is $45.15 and its 200-day moving average price is $56.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $1.49 billion, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 1.32 and a beta of 1.04.

Globant (NYSE:GLOB) last announced its earnings results on Thursday, May 14th. The information technology services provider reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Globant had a net margin of 4.19% and a return on equity of 9.98%. The firm had revenue of $607.09 million for the quarter, compared to the consensus estimate of $601.66 million. Globant has set its FY 2026 guidance at 6.100-6.500 EPS and its Q2 2026 guidance at 1.450-1.550 EPS. As a group, research analysts forecast that Globant will post 4.99 earnings per share for the current fiscal year.

Trending Headlines about Globant

Here are the key news stories impacting Globant this week:

• Negative Sentiment: Multiple firms, including Rosen Law Firm, Faruqi & Faruqi, Bernstein Liebhard, Pomerantz, Levi & Korsinsky, and Bragar Eagel & Squire, issued reminders or announcements about the pending Globant securities class action and the June 23, 2026 lead-plaintiff deadline, keeping legal risk in focus for shareholders. Article: ROSEN, A LEADING LAW FIRM, Encourages Globant S.A. Investors to Secure Counsel Before Important Deadline in Securities Class Action – GLOB
• Negative Sentiment: The lawsuit allegations referenced in the notices center on claimed concealment of wage freezes and a failed Iteris integration, which could hurt confidence in Globant’s operations and management credibility. Article: GLOB DEADLINE: Levi & Korsinsky Reminds Globant S.A. Investors of Upcoming Securities Class Action Deadline

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. State of Wyoming lifted its position in Globant by 78.9% during the second quarter. State of Wyoming now owns 882 shares of the information technology services provider’s stock valued at $80,000 after buying an additional 389 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Globant by 77.4% in the fourth quarter. Advisors Asset Management Inc. now owns 912 shares of the information technology services provider’s stock worth $60,000 after purchasing an additional 398 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Globant by 83.2% in the third quarter. CIBC Private Wealth Group LLC now owns 1,125 shares of the information technology services provider’s stock valued at $65,000 after purchasing an additional 511 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Globant by 61.5% in the second quarter. Osaic Holdings Inc. now owns 1,163 shares of the information technology services provider’s stock worth $114,000 after acquiring an additional 443 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in Globant by 273.0% in the fourth quarter. Parallel Advisors LLC now owns 1,365 shares of the information technology services provider’s stock valued at $89,000 after purchasing an additional 999 shares during the period. 91.60% of the stock is currently owned by institutional investors.

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.