Globant (NYSE:GLOB) Issues Q3 2026 Earnings Guidance

Globant (NYSE:GLOB) updated its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 1.430-1.430 for the period, compared to the consensus estimate of 1.520. The company issued revenue guidance of $607.0 million-$615.0 million, compared to the consensus revenue estimate of $626.2 million. Globant also updated its FY 2026 guidance to 5.750-6.150 EPS.

Analysts Set New Price Targets

A number of research firms have weighed in on GLOB. Wedbush reissued an “outperform” rating on shares of Globant in a report on Monday, May 18th. TD Cowen cut their price target on Globant from $59.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Itau BBA Securities lowered shares of Globant from an “outperform” rating to a “market perform” rating and set a $39.00 target price for the company. in a report on Wednesday, July 8th. Wells Fargo & Company decreased their price objective on shares of Globant from $50.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Finally, Citigroup dropped their price objective on Globant from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Globant presently has an average rating of “Hold” and an average target price of $52.75.

Globant Price Performance

Shares of Globant stock traded up $2.44 during trading hours on Thursday, reaching $41.18. The company’s stock had a trading volume of 3,708,677 shares, compared to its average volume of 1,686,499. The stock has a market cap of $1.81 billion, a P/E ratio of 16.74, a P/E/G ratio of 1.47 and a beta of 1.02. Globant has a one year low of $27.56 and a one year high of $79.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.82 and a quick ratio of 1.82. The firm has a 50 day moving average price of $33.77 and a 200-day moving average price of $42.57.

Globant (NYSE:GLOB) last released its quarterly earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.10). Globant had a net margin of 4.46% and a return on equity of 9.87%. The company had revenue of $614.42 million for the quarter, compared to analysts’ expectations of $612.86 million. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. On average, analysts predict that Globant will post 4.89 EPS for the current year.

Globant announced that its Board of Directors has authorized a share repurchase plan on Monday, May 18th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the information technology services provider to reacquire up to 2.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Globant

Several institutional investors and hedge funds have recently modified their holdings of the stock. State of Wyoming increased its holdings in Globant by 78.9% during the 2nd quarter. State of Wyoming now owns 882 shares of the information technology services provider’s stock worth $80,000 after purchasing an additional 389 shares during the period. Advisors Asset Management Inc. grew its position in shares of Globant by 77.4% during the 4th quarter. Advisors Asset Management Inc. now owns 912 shares of the information technology services provider’s stock worth $60,000 after buying an additional 398 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of 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 acquiring an additional 511 shares in the last quarter. Osaic Holdings Inc. lifted its stake in 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 period. Finally, Parallel Advisors LLC grew its holdings in Globant by 273.0% during the 4th quarter. Parallel Advisors LLC now owns 1,365 shares of the information technology services provider’s stock worth $89,000 after acquiring an additional 999 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

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.