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 equities analysts have commented on the stock. Piper Sandler lowered their target price on shares of Globant from $240.00 to $237.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. Needham & Company LLC reissued a “buy” rating and issued a $265.00 target price on shares of Globant in a research report on Friday, January 24th. TD Cowen lifted their target price on shares of Globant from $230.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Jefferies Financial Group raised their price target on shares of Globant from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of Globant from a “sell” rating to a “hold” rating in a report on Sunday, November 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $230.28.

Globant Price Performance

Shares of Globant stock 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. Globant has a fifty-two week low of $151.68 and a fifty-two week high of $238.32. The stock has a fifty day moving average price of $215.55 and a 200 day moving average price of $210.82. The firm 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 announced 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%. As a group, sell-side analysts forecast that Globant will post 4.98 EPS 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.