Globant (NYSE:GLOB) Releases FY 2025 Earnings Guidance

Globant (NYSE:GLOB) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 6.800-7.200 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Canaccord Genuity Group reaffirmed a “hold” rating and set a $205.00 price objective on shares of Globant in a research report on Monday, November 18th. Needham & Company LLC reissued a “buy” rating and issued a $265.00 price target on shares of Globant in a report on Friday, January 24th. Piper Sandler reduced their price target on Globant from $240.00 to $237.00 and set an “overweight” rating for the company in a report on Friday, November 15th. Jefferies Financial Group raised their price target on Globant from $240.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Finally, UBS Group reduced their price target on Globant from $222.00 to $217.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $230.28.

Globant Stock Performance

NYSE GLOB traded down $7.18 on Thursday, hitting $210.43. 1,242,123 shares of the stock traded hands, compared to its average volume of 498,447. The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of 54.94, a PEG ratio of 2.52 and a beta of 1.39. The business’s fifty day moving average is $215.55 and its two-hundred day moving average 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 results 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 net margin of 7.20% and a return on equity of 11.65%. Analysts expect that Globant will post 4.98 EPS for the current fiscal 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.