Zacks: Brokerages Anticipate Globant S.A. (NYSE:GLOB) Will Announce Earnings of $0.80 Per Share

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Equities analysts expect Globant S.A. (NYSE:GLOB) to report earnings of $0.80 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Globant’s earnings, with the highest EPS estimate coming in at $0.83 and the lowest estimate coming in at $0.79. Globant reported earnings of $0.64 per share in the same quarter last year, which would indicate a positive year over year growth rate of 25%. The company is expected to report its next earnings results on Thursday, May 13th.

According to Zacks, analysts expect that Globant will report full-year earnings of $3.27 per share for the current financial year, with EPS estimates ranging from $3.20 to $3.39. For the next year, analysts forecast that the company will report earnings of $3.97 per share, with EPS estimates ranging from $3.83 to $4.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Globant.

Globant (NYSE:GLOB) last posted its quarterly earnings results on Thursday, February 18th. The information technology services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.20. Globant had a return on equity of 10.92% and a net margin of 6.40%.

GLOB has been the topic of a number of analyst reports. TheStreet raised Globant from a “c+” rating to a “b-” rating in a report on Thursday, February 18th. The Goldman Sachs Group lowered Globant from a “buy” rating to a “neutral” rating and increased their price objective for the company from $190.00 to $210.00 in a report on Monday, January 11th. Zacks Investment Research lowered Globant from a “buy” rating to a “hold” rating in a report on Thursday, February 11th. Jefferies Financial Group initiated coverage on Globant in a report on Friday, December 4th. They set a “hold” rating on the stock. Finally, Piper Sandler increased their price objective on Globant from $222.00 to $234.00 and gave the company a “neutral” rating in a report on Thursday, February 25th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $224.25.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Asset Advisory Services LLC acquired a new stake in Globant in the 4th quarter valued at approximately $46,000. Contravisory Investment Management Inc. grew its holdings in Globant by 1,300.0% in the 4th quarter. Contravisory Investment Management Inc. now owns 238 shares of the information technology services provider’s stock valued at $52,000 after buying an additional 221 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Globant in the 3rd quarter worth approximately $44,000. IFP Advisors Inc lifted its position in shares of Globant by 1,104.0% in the 3rd quarter. IFP Advisors Inc now owns 301 shares of the information technology services provider’s stock worth $51,000 after acquiring an additional 276 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in shares of Globant in the 4th quarter worth approximately $67,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE GLOB opened at $200.61 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.44 and a current ratio of 3.44. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 159.22 and a beta of 1.24. The business’s 50-day simple moving average is $213.57 and its 200-day simple moving average is $196.37. Globant has a 52 week low of $70.83 and a 52 week high of $244.72.

Globant Company Profile

Globant SA operates as a technology services company worldwide. The company offers machine learning, pattern recognition, and natural language understanding services. It also provides process appraisal, automated, process evolution, delivery management, agile consultancy, management consulting, user experience, visual and service design, industrial design, consultancy, fast prototyping, app evolution, platform integration, and hardware integration services.

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