Globant (NYSE:GLOB) Issues FY 2025 Earnings Guidance

Globant (NYSE:GLOB) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 6.800-7.200 for the period, compared to the consensus estimate of 7.340. The company issued revenue guidance of $2.6 billion-$2.7 billion, compared to the consensus revenue estimate of $2.8 billion. Globant also updated its Q1 2025 guidance to 1.550-1.630 EPS.

Analyst Ratings Changes

Several research firms have recently issued reports on GLOB. Jefferies Financial Group increased their target price on shares of Globant from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Canaccord Genuity Group reissued a “hold” rating and issued a $205.00 price objective on shares of Globant in a report on Monday, November 18th. JPMorgan Chase & Co. upped their target price on Globant from $237.00 to $248.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Susquehanna assumed coverage on shares of Globant in a research note on Tuesday, December 17th. They issued a “positive” rating and a $255.00 price target on the stock. Finally, UBS Group reduced their price objective on shares of Globant from $222.00 to $217.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $227.39.

Globant Price Performance

Globant stock opened at $210.43 on Friday. Globant has a 12 month low of $151.68 and a 12 month high of $238.32. The company has a fifty day moving average price of $215.37 and a two-hundred day moving average price of $210.82. The company has a market cap of $9.07 billion, a PE ratio of 54.94, a P/E/G ratio of 2.46 and a beta of 1.39.

Globant (NYSE:GLOB) last released its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.39). Globant had a return on equity of 11.65% and a net margin of 7.20%. Equities research analysts anticipate that Globant will post 4.98 earnings per share for the current year.

Globant Company Profile

Globant SA, together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions.