Equities analysts forecast that Globant (NYSE:GLOB) will announce sales of $114.06 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Globant’s earnings, with estimates ranging from $113.40 million to $114.62 million. Globant posted sales of $88.74 million during the same quarter last year, which would suggest a positive year over year growth rate of 28.5%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 17th.
On average, analysts expect that Globant will report full-year sales of $503.51 million for the current fiscal year, with estimates ranging from $501.70 million to $504.91 million. For the next financial year, analysts anticipate that the business will report sales of $603.77 million per share, with estimates ranging from $593.70 million to $609.04 million. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Globant.
Globant (NYSE:GLOB) last released its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.04. Globant had a net margin of 7.55% and a return on equity of 13.02%. The company had revenue of $115.43 million during the quarter, compared to analyst estimates of $109.25 million.
Globant stock opened at $44.77 on Friday. Globant has a 52-week low of $33.75 and a 52-week high of $54.84. The firm has a market capitalization of $1,585.82, a PE ratio of 51.93 and a beta of 0.54.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC grew its holdings in Globant by 7.0% during the 4th quarter. William Blair Investment Management LLC now owns 28,990 shares of the information technology services provider’s stock valued at $1,347,000 after purchasing an additional 1,893 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Globant by 19.8% during the 4th quarter. Bank of New York Mellon Corp now owns 11,948 shares of the information technology services provider’s stock valued at $556,000 after purchasing an additional 1,971 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Globant during the 4th quarter valued at $172,000. Bamco Inc. NY grew its holdings in Globant by 55.0% during the 4th quarter. Bamco Inc. NY now owns 13,977 shares of the information technology services provider’s stock valued at $649,000 after purchasing an additional 4,957 shares in the last quarter. Finally, American Capital Management Inc. grew its holdings in Globant by 76.9% during the 4th quarter. American Capital Management Inc. now owns 11,480 shares of the information technology services provider’s stock valued at $533,000 after purchasing an additional 4,990 shares in the last quarter. 68.37% of the stock is owned by institutional investors and hedge funds.
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Globant SA develops and provides software solutions to clients in North America, the Latin America, Europe, and Asia. It offers API management, e-commerce, and digital solutions; graphics engineering, game engineering, gaming experience, VR/AR development, and digital platform services; Big Data services, such as data integration, data architecture, scalable platform, blockchain, data visualization, and data science; testing center, test automation, mobile testing, and load and performance testing services.
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