Globant (NYSE:GLOB – Get Rating) issued an replace on its second quarter 2022 earnings steering on Thursday morning. The corporate supplied earnings per share steering of $1.20- for the interval, in comparison with the consensus earnings per share estimate of $1.17. The corporate issued income steering of $425.50M-, in comparison with the consensus income estimate of $425.09 million. Globant additionally up to date its FY 2022 steering to $4.94- EPS.
Shares of NYSE GLOB opened at $183.44 on Thursday. Globant has a 12-month low of $159.56 and a 12-month excessive of $354.62. The corporate has a market cap of $7.68 billion, a P/E ratio of 70.02 and a beta of 1.53. The inventory has a fifty day shifting common worth of $203.86 and a 200 day shifting common worth of $241.50.
Globant (NYSE:GLOB – Get Rating) final issued its earnings outcomes on Thursday, Could nineteenth. The data know-how companies supplier reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The agency had income of $401.38 million for the quarter, in comparison with analysts’ expectations of $397.41 million. Globant had a web margin of seven.77% and a return on fairness of 10.98%. Globant’s income was up 48.6% on a year-over-year foundation. Throughout the identical quarter final yr, the corporate posted $0.66 earnings per share. As a bunch, equities analysts predict that Globant will put up 3.89 earnings per share for the present fiscal yr.
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GLOB has been the subject of quite a few analysis analyst stories. Wedbush lowered their worth goal on shares of Globant to $300.00 in a analysis word on Friday, Could twentieth. TheStreet lowered shares of Globant from a b- score to a c+ score in a analysis report on Thursday, Could fifth. Citigroup decreased their worth goal on shares of Globant from $350.00 to $265.00 and set a purchase score on the inventory in a analysis report on Friday, Could twentieth. StockNews.com initiated protection on shares of Globant in a analysis report on Thursday, March thirty first. They issued a maintain score on the inventory. Lastly, Cowen decreased their worth goal on shares of Globant from $305.00 to $240.00 and set an outperform score for the corporate in a analysis word on Friday, Could twentieth. One equities analysis analyst has rated the inventory with a maintain score and 9 have issued a purchase score to the inventory. Based mostly on information from MarketBeat, the inventory has a median score of Purchase and a consensus goal worth of $296.75.
Institutional buyers and hedge funds have lately made adjustments to their positions within the inventory. Advisors Asset Administration Inc. purchased a brand new place in shares of Globant in the course of the 1st quarter value about $72,000. EverSource Wealth Advisors LLC purchased a brand new place in shares of Globant in the course of the 4th quarter value about $79,000. Loomis Sayles & Co. L P elevated its holdings in shares of Globant by 22.2% in the course of the 1st quarter. Loomis Sayles & Co. L P now owns 468 shares of the knowledge know-how companies supplier’s inventory value $123,000 after buying an extra 85 shares in the course of the interval. Lazard Asset Administration LLC elevated its holdings in shares of Globant by 268.5% in the course of the 1st quarter. Lazard Asset Administration LLC now owns 678 shares of the knowledge know-how companies supplier’s inventory value $177,000 after buying an extra 494 shares in the course of the interval. Lastly, Orion Portfolio Options LLC elevated its holdings in shares of Globant by 10.5% in the course of the 1st quarter. Orion Portfolio Options LLC now owns 769 shares of the knowledge know-how companies supplier’s inventory value $202,000 after buying an extra 73 shares in the course of the interval. Hedge funds and different institutional buyers personal 88.21% of the corporate’s inventory.
About Globant (Get Rating)
Globant SA operates as a know-how companies firm worldwide. It gives e-commerce, new distribution capabilities, augmented income administration, hyper related operation, and conversational consumer expertise companies via reinvention studios; digital lending, industrial effectiveness, finance, sustainability, regulation analytic, transformation and post-merger integration, and fee and open banking companies; and sport and graphic engineering, UI and UX design, sport as a service, DevOps, and on-line companies, in addition to excessive tech instruments.
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