Globant (GLOB) Updates Q1 Earnings Guidance
Globant (NYSE:GLOB) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.31-0.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.33. The company issued revenue guidance of $113-115 million, compared to the consensus revenue estimate of $108.75 million.Globant also updated its FY18 guidance to $1.52-1.62 EPS.
Shares of Globant (NYSE GLOB) traded up $4.61 during trading hours on Friday, hitting $51.75. 513,904 shares of the company’s stock were exchanged, compared to its average volume of 248,573. Globant has a 1 year low of $33.00 and a 1 year high of $53.44. The firm has a market cap of $1,627.94, a price-to-earnings ratio of 57.49 and a beta of 0.70.
Globant (NYSE:GLOB) last announced its earnings results on Thursday, November 16th. The information technology services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.09). Globant had a return on equity of 13.55% and a net margin of 7.60%. The business had revenue of $109.68 million for the quarter, compared to analyst estimates of $104.15 million. equities research analysts forecast that Globant will post 0.83 earnings per share for the current year.
Globant Company Profile
Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.
Receive News & Ratings for Globant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globant and related companies with MarketBeat.com's FREE daily email newsletter.