Globant (NYSE:GLOB) Releases 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.

Analyst Ratings Changes

Several research firms recently weighed in on GLOB. Canaccord Genuity Group reaffirmed a “hold” rating and set a $205.00 target price on shares of Globant in a research note on Monday, November 18th. Citigroup raised their price objective on Globant from $240.00 to $251.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Susquehanna started coverage on Globant in a research report on Tuesday, December 17th. They issued a “positive” rating and a $255.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and set a $265.00 price target on shares of Globant in a research note on Friday, January 24th. Finally, Scotiabank lifted their price objective on Globant from $210.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $230.28.

Globant Stock Performance

NYSE GLOB traded down $7.18 on Thursday, hitting $210.43. 1,242,123 shares of the stock were exchanged, compared to its average volume of 498,447. Globant has a 52-week low of $151.68 and a 52-week high of $238.32. The firm has a market capitalization of $9.07 billion, a P/E ratio of 54.94, a P/E/G ratio of 2.52 and a beta of 1.39. The stock has a fifty day moving average price of $215.55 and a two-hundred day moving average price of $210.82.

Globant (NYSE:GLOB) last released its quarterly earnings results on Thursday, February 20th. The information technology services provider reported $1.36 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%. Sell-side analysts expect that Globant will post 4.98 earnings per share 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.