Globant S.A. (GLOB) Scheduled to Post Quarterly Earnings on Thursday
Globant S.A. (NYSE:GLOB) is scheduled to be announcing its earnings results after the market closes on Thursday, August 17th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Globant has set its Q2 guidance at $0.26-0.28 EPS and its FY17 guidance at $1.22-1.30 EPS.
Globant (NYSE:GLOB) last issued its quarterly earnings data on Thursday, May 18th. The information technology services provider reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $88.74 million for the quarter, compared to analyst estimates of $87.63 million. Globant had a net margin of 11.13% and a return on equity of 18.60%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period last year, the business posted $0.24 earnings per share. On average, analysts expect Globant to post $1.27 EPS for the current fiscal year and $1.58 EPS for the next fiscal year.
Globant S.A. (NYSE GLOB) opened at 43.37 on Thursday. The company has a 50-day moving average of $43.40 and a 200-day moving average of $38.15. Globant S.A. has a 52-week low of $30.90 and a 52-week high of $47.51. The company has a market cap of $1.50 billion, a P/E ratio of 42.11 and a beta of 0.85.
Several research analysts have weighed in on the stock. SunTrust Banks, Inc. downgraded shares of Globant from a “buy” rating to a “hold” rating and upped their price objective for the stock from $43.00 to $48.00 in a report on Thursday, July 27th. They noted that the move was a valuation call. BidaskClub upgraded shares of Globant from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Citigroup Inc. upped their price objective on shares of Globant from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $36.00 price objective on shares of Globant in a report on Friday, May 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $44.00.
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Globant Company Profile
Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.
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