Globant (NYSE:GLOB) Updates FY 2025 Earnings Guidance

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

Analyst Ratings Changes

GLOB has been the topic of several recent research reports. TD Cowen raised their price target on shares of Globant from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Needham & Company LLC restated a “buy” rating and issued a $265.00 target price on shares of Globant in a report on Friday, January 24th. Susquehanna assumed coverage on Globant in a research report on Tuesday, December 17th. They set a “positive” rating and a $255.00 target price on the stock. Citigroup increased their price target on Globant from $240.00 to $251.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Jefferies Financial Group lifted their price objective on shares of Globant from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.28.

Globant Stock Performance

GLOB traded down $7.18 during midday trading on Thursday, reaching $210.43. The company had a trading volume of 1,242,123 shares, compared to its average volume of 498,447. The business has a 50-day moving average price of $215.55 and a two-hundred day moving average price of $210.82. Globant has a 12-month low of $151.68 and a 12-month high of $238.32. The stock has a market cap of $9.07 billion, a PE 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 data on Thursday, February 20th. The information technology services provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.75 by ($0.39). Globant had a net margin of 7.20% and a return on equity of 11.65%. On average, research analysts anticipate that Globant will post 4.98 earnings per share for the current year.

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.