Globant (NYSE:GLOB – Get Free Report) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 1.600-1.640 for the period, compared to the consensus earnings per share estimate of 1.610. The company issued revenue guidance of $611.0 million-$617.0 million, compared to the consensus revenue estimate of $618.4 million. Globant also updated its FY 2024 guidance to 6.300-6.500 EPS.
Globant Stock Up 5.1 %
Shares of NYSE:GLOB opened at $204.24 on Friday. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 53.61, a PEG ratio of 1.98 and a beta of 1.41. The business has a 50 day moving average price of $181.73 and a 200 day moving average price of $192.55. Globant has a twelve month low of $151.68 and a twelve month high of $251.50.
Globant (NYSE:GLOB – Get Free Report) last announced its quarterly earnings data on Thursday, May 16th. The information technology services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.01. The business had revenue of $571.08 million for the quarter, compared to the consensus estimate of $570.72 million. Globant had a net margin of 7.62% and a return on equity of 11.60%. Analysts anticipate that Globant will post 5 EPS for the current year.
Wall Street Analyst Weigh In
Get Our Latest Research Report on GLOB
Globant Company Profile
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.
Featured Articles
- Five stocks we like better than Globant
- How to Invest in Insurance Companies: A Guide
- Bumble’s Valuation Hits an All-Time Low, Can Its Fortunes Change?
- Buy P&G Now, Before It Sets A New All-Time High
- MarketBeat Week in Review – 8/12 – 8/16
- ESG Stocks, What Investors Should Know
- JD.com Earnings Surprise: China’s Outlook Better Than Expected
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.