Globant (GLOB) Projected to Post Quarterly Earnings on Thursday

Globant (NYSE:GLOB) is anticipated to issue its quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $1.75 per share and revenue of $644.42 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Globant Price Performance

GLOB opened at $224.28 on Tuesday. The company’s 50 day simple moving average is $215.67 and its two-hundred day simple moving average is $210.32. Globant has a 1-year low of $151.68 and a 1-year high of $243.35. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 58.56, a price-to-earnings-growth ratio of 2.46 and a beta of 1.39.

Wall Street Analyst Weigh In

A number of analysts have issued reports on GLOB shares. StockNews.com raised Globant from a “sell” rating to a “hold” rating in a research report on Sunday, November 24th. Jefferies Financial Group boosted their price target on shares of Globant from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Susquehanna initiated coverage on shares of Globant in a research note on Tuesday, December 17th. They issued a “positive” rating and a $255.00 price target for the company. Canaccord Genuity Group restated a “hold” rating and issued a $205.00 price target on shares of Globant in a research note on Monday, November 18th. Finally, UBS Group dropped their price target on shares of Globant from $222.00 to $217.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $230.28.

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.