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.

GLOB has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Globant from a sell rating to a hold rating in a research report on Friday, January 19th. SunTrust Banks reiterated a hold rating on shares of Globant in a research report on Sunday, October 22nd. KeyCorp reiterated a hold rating on shares of Globant in a research report on Friday, November 3rd. BidaskClub lowered shares of Globant from a hold rating to a sell rating in a research report on Wednesday, November 1st. Finally, Cantor Fitzgerald reiterated a neutral rating and set a $36.00 price target (down previously from $42.00) on shares of Globant in a research report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $46.20.

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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.

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