Globant (NYSE:GLOB) Updates Q4 2021 Earnings Guidance

Globant (NYSE:GLOB) issued an update on its fourth quarter 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.010-$ for the period, compared to the Thomson Reuters consensus estimate of $0.970. The company issued revenue guidance of $359 M-, compared to the consensus revenue estimate of $340.95 million.

NYSE GLOB opened at $278.36 on Thursday. The company has a 50 day simple moving average of $306.84 and a 200-day simple moving average of $267.79. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of 134.47 and a beta of 1.33. Globant has a 52-week low of $173.34 and a 52-week high of $354.62.

Globant (NYSE:GLOB) last posted its quarterly earnings results on Thursday, November 18th. The information technology services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $341.83 million during the quarter, compared to analyst estimates of $326.80 million. Globant had a net margin of 7.46% and a return on equity of 10.67%. The firm’s revenue was up 65.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. As a group, equities research analysts predict that Globant will post 2.73 EPS for the current fiscal year.

Several equities analysts recently weighed in on GLOB shares. Citigroup raised their price objective on shares of Globant from $310.00 to $370.00 and gave the company a buy rating in a research report on Friday, November 19th. Wedbush raised their price objective on shares of Globant from $300.00 to $330.00 and gave the company an outperform rating in a research report on Friday, November 19th. JPMorgan Chase & Co. raised their price objective on shares of Globant from $284.00 to $340.00 and gave the company an overweight rating in a research report on Tuesday, August 17th. Cowen raised their price objective on shares of Globant from $260.00 to $290.00 and gave the company an outperform rating in a research report on Friday, August 13th. Finally, Piper Sandler raised their price objective on shares of Globant from $300.00 to $352.00 and gave the company an overweight rating in a research report on Friday, November 19th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $323.90.

Globant Company Profile

Globant SA engages in the provision of information technology services. It offers application development and maintenance, testing, and infrastructure management. The company was founded by Martín Migoya, Martín Gonzalo Umaran, Guibert Andrés Englebienne, and Néstor Augusto Nocetti in 2003 and is headquartered in Luxembourg.

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Earnings History and Estimates for Globant (NYSE:GLOB)

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