Globant (NYSE:GLOB) Releases 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.

Globant Stock Down 3.3 %

Shares of NYSE GLOB traded down $7.18 during midday trading on Thursday, reaching $210.43. 1,242,123 shares of the company’s stock traded hands, compared to its average volume of 498,447. The stock’s 50 day simple moving average is $215.55 and its 200-day simple moving average is $210.82. Globant has a one year low of $151.68 and a one year high of $238.32. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 54.94, a P/E/G ratio of 2.52 and a beta of 1.39.

Globant (NYSE:GLOB) last posted its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share (EPS) 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 analysts predict that Globant will post 4.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Globant from a “sell” rating to a “hold” rating in a research report on Sunday, November 24th. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 target price on shares of Globant in a research report on Friday, January 24th. JPMorgan Chase & Co. lifted their target price on shares of Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Piper Sandler dropped their target price on shares of Globant from $240.00 to $237.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Finally, Scotiabank lifted their target price on shares of Globant from $210.00 to $220.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $230.28.

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.