Globant (NYSE:GLOB) Releases FY 2025 Earnings Guidance

Globant (NYSE:GLOB) issued an update on its FY 2025 earnings guidance on Thursday morning. 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.

Globant Trading Up 2.0%

Shares of NYSE GLOB traded up $1.26 during midday trading on Thursday, hitting $63.03. 2,797,902 shares of the company traded hands, compared to its average volume of 1,240,500. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.71 and a current ratio of 1.71. Globant has a 12-month low of $54.36 and a 12-month high of $237.30. The firm has a market cap 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 stock has a 50-day moving average price of $59.18 and a 200 day moving average price of $80.97.

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

Globant declared that its board has initiated a share 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 purchase up to 5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have issued reports on GLOB. The Goldman Sachs Group decreased their price objective on shares of Globant from $105.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Globant in a research report on Wednesday, October 8th. UBS Group lowered their target price on Globant from $120.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Wells Fargo & Company raised Globant to a “hold” rating in a research report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Globant in a report on Thursday, July 17th. They issued a “hold” rating and a $87.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $122.13.

Hedge Funds Weigh In On Globant

Large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Globant during the first quarter valued at approximately $447,000. Goldman Sachs Group Inc. increased its holdings in shares of Globant by 69.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,237 shares of the information technology services provider’s stock valued at $8,739,000 after acquiring an additional 30,386 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Globant by 61.9% in the 2nd quarter. First Trust Advisors LP now owns 102,280 shares of the information technology services provider’s stock valued at $9,291,000 after acquiring an additional 39,122 shares during the last quarter. Marshall Wace LLP lifted its stake in Globant by 823.2% during the second quarter. Marshall Wace LLP now owns 105,894 shares of the information technology services provider’s stock worth $9,619,000 after purchasing an additional 94,424 shares during the last quarter. Finally, Amundi boosted its holdings in Globant by 192.7% in the second quarter. Amundi now owns 7,970 shares of the information technology services provider’s stock worth $727,000 after purchasing an additional 5,247 shares during the period. 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.