Globant (NYSE:GLOB) Issues Q1 2025 Earnings Guidance

Globant (NYSE:GLOB) updated its first quarter 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.550-1.630 for the period, compared to the consensus estimate of 1.650. The company issued revenue guidance of $618.0 million-$628.0 million, compared to the consensus revenue estimate of $637.0 million. Globant also updated its FY 2025 guidance to 6.800-7.200 EPS.

Globant Trading Down 3.3 %

NYSE:GLOB traded down $7.18 during mid-day trading on Thursday, reaching $210.43. The company’s stock had a trading volume of 1,242,123 shares, compared to its average volume of 498,447. The stock has a market cap of $9.07 billion, a P/E ratio of 54.94, a PEG ratio of 2.52 and a beta of 1.39. The firm’s fifty day moving average price is $215.55 and its two-hundred day moving average price is $210.82. Globant has a 12-month low of $151.68 and a 12-month high of $238.32.

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 the consensus estimate of $1.75 by ($0.39). Globant had a net margin of 7.20% and a return on equity of 11.65%. Analysts predict that Globant will post 4.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Scotiabank raised their price target on Globant from $210.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 19th. Susquehanna initiated coverage on Globant in a report on Tuesday, December 17th. They issued a “positive” rating and a $255.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group increased their price objective 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. Finally, Piper Sandler dropped their price objective on shares of Globant from $240.00 to $237.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $230.28.

About Globant

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.