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 6.120- for the period, compared to the consensus earnings per share estimate of 5.560. The company issued revenue guidance of $2.4 billion-, compared to the consensus revenue estimate of $2.5 billion. Globant also updated its Q4 2025 guidance to 1.530- EPS.

Analysts Set New Price Targets

GLOB has been the subject of a number of research reports. UBS Group decreased their price target on shares of Globant from $120.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 20th. Needham & Company LLC decreased their target price on Globant from $115.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Scotiabank upgraded shares of Globant from a “sector perform” rating to a “sector outperform” rating and set a $115.00 price target on the stock in a research report on Monday, July 21st. JPMorgan Chase & Co. lowered shares of Globant from an “overweight” rating to a “neutral” rating and set a $78.00 price target for the company. in a report on Friday, August 15th. Finally, Wells Fargo & Company upgraded Globant to a “hold” rating in a report on Wednesday, October 22nd. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $122.13.

Globant Price Performance

GLOB stock traded up $1.26 during mid-day trading on Thursday, hitting $63.03. The stock had a trading volume of 2,835,166 shares, compared to its average volume of 1,240,500. The firm has a fifty day simple moving average of $59.18 and a 200 day simple moving average of $80.97. The firm has a market capitalization of $2.78 billion, a P/E ratio of 25.62, a P/E/G ratio of 5.98 and a beta of 1.20. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.19. Globant has a 52 week low of $54.36 and a 52 week high of $237.30.

Globant (NYSE:GLOB) last released its quarterly earnings data on Thursday, November 13th. The information technology services provider reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.33). Globant had a net margin of 4.44% and a return on equity of 10.76%. Globant has set its FY 2025 guidance at 6.120- EPS. Q4 2025 guidance at 1.530- EPS. As a group, research analysts forecast that Globant will post 5.73 EPS for the current year.

Globant announced that its board has approved a stock repurchase program on Wednesday, October 1st that allows the company to buyback $125.00 million in shares. This buyback authorization allows the information technology services provider to repurchase up to 5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. boosted its position in Globant by 6,875.8% during the 2nd quarter. Alliancebernstein L.P. now owns 929,245 shares of the information technology services provider’s stock valued at $84,413,000 after acquiring an additional 915,924 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Globant by 601.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 783,930 shares of the information technology services provider’s stock worth $44,982,000 after purchasing an additional 672,175 shares in the last quarter. Sei Investments Co. increased its position in Globant by 13.4% during the 3rd quarter. Sei Investments Co. now owns 466,613 shares of the information technology services provider’s stock valued at $26,774,000 after buying an additional 55,104 shares in the last quarter. BW Gestao de Investimentos Ltda. raised its stake in Globant by 133.5% during the second quarter. BW Gestao de Investimentos Ltda. now owns 427,828 shares of the information technology services provider’s stock valued at $38,864,000 after buying an additional 244,628 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Globant by 131.8% in the third quarter. Vanguard Group Inc. now owns 202,808 shares of the information technology services provider’s stock worth $11,637,000 after acquiring an additional 115,315 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

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.