Globant (NYSE:GLOB) Issues FY 2025 Earnings Guidance

Globant (NYSE:GLOB) updated its FY 2025 earnings guidance on Thursday. 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 opened at $210.43 on Friday. The company has a market cap of $9.07 billion, a P/E ratio of 54.94, a price-to-earnings-growth ratio of 2.46 and a beta of 1.39. Globant has a 12-month low of $151.68 and a 12-month high of $238.32. The company’s fifty day moving average is $215.37 and its two-hundred day moving average is $210.82.

Globant (NYSE:GLOB) last announced its quarterly earnings data on Thursday, February 20th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.39). Globant had a return on equity of 11.65% and a net margin of 7.20%. Equities research analysts anticipate that Globant will post 4.98 earnings per share for the current year.

Analyst Ratings Changes

GLOB has been the subject of several recent analyst reports. Scotiabank upped their price objective on shares of Globant from $210.00 to $220.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 19th. Jefferies Financial Group increased their price objective on shares of Globant from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. UBS Group reduced their price target on shares of Globant from $222.00 to $217.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised their target price on Globant from $237.00 to $248.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, StockNews.com raised shares of Globant from a “sell” rating to a “hold” rating in a report on Sunday, November 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Globant currently has an average rating of “Moderate Buy” and an average target price of $227.39.

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.