Equities analysts expect Globant SA (NYSE:GLOB) to post earnings per share (EPS) of $0.44 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Globant’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.46. Globant posted earnings of $0.34 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 29.4%. The company is scheduled to report its next quarterly earnings results on Thursday, November 15th.

On average, analysts expect that Globant will report full-year earnings of $1.67 per share for the current fiscal year, with EPS estimates ranging from $1.63 to $1.70. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.05 per share, with EPS estimates ranging from $2.00 to $2.12. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Globant.

Globant (NYSE:GLOB) last released its quarterly earnings data on Thursday, August 23rd. The information technology services provider reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.12. The firm had revenue of $127.90 million during the quarter, compared to analysts’ expectations of $125.18 million. Globant had a return on equity of 15.07% and a net margin of 9.48%. Globant’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded Globant from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Friday, June 22nd. Wedbush raised their price target on Globant from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, June 19th. SunTrust Banks raised their price target on Globant to $64.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. JPMorgan Chase & Co. raised their price target on Globant from $66.00 to $69.00 and gave the company an “overweight” rating in a research report on Friday, August 24th. Finally, Citigroup raised their price target on Globant from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Globant currently has an average rating of “Buy” and a consensus price target of $57.63.

NYSE:GLOB traded down $0.02 during trading hours on Friday, hitting $59.62. The company’s stock had a trading volume of 1,930 shares, compared to its average volume of 379,706. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 67.75 and a beta of 0.61. Globant has a 52-week low of $34.82 and a 52-week high of $66.41.

Several hedge funds have recently made changes to their positions in GLOB. Engineers Gate Manager LP purchased a new position in shares of Globant in the first quarter valued at $792,000. US Bancorp DE boosted its stake in shares of Globant by 14.1% during the first quarter. US Bancorp DE now owns 13,104 shares of the information technology services provider’s stock valued at $675,000 after acquiring an additional 1,624 shares during the last quarter. Bamco Inc. NY boosted its stake in shares of Globant by 62.7% during the first quarter. Bamco Inc. NY now owns 22,747 shares of the information technology services provider’s stock valued at $1,172,000 after acquiring an additional 8,770 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Globant by 5.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 55,417 shares of the information technology services provider’s stock valued at $2,857,000 after acquiring an additional 2,753 shares during the last quarter. Finally, Tygh Capital Management Inc. acquired a new stake in shares of Globant during the first quarter valued at $6,711,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

About Globant

Globant SA, a technology services company, provides services related to application development, testing, infrastructure management, and application maintenance worldwide. The company offers machine learning, pattern recognition, natural language understanding, future of organizations, customer insight, behavioral change, product innovation, design thinking, product management discovery and delivery, and product coaching services.

Featured Article: NASDAQ

Get a free copy of the Zacks research report on Globant (GLOB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Globant (NYSE:GLOB)

Receive News & Ratings for Globant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globant and related companies with MarketBeat.com's FREE daily email newsletter.