$145.02 Million in Sales Expected for Globant SA (GLOB) This Quarter
Wall Street analysts expect Globant SA (NYSE:GLOB) to announce sales of $145.02 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Globant’s earnings. The lowest sales estimate is $144.01 million and the highest is $146.01 million. Globant posted sales of $119.71 million in the same quarter last year, which suggests a positive year-over-year growth rate of 21.1%. The business is scheduled to issue its next earnings results on Thursday, May 9th.
On average, analysts expect that Globant will report full-year sales of $639.49 million for the current year, with estimates ranging from $637.07 million to $641.90 million. For the next year, analysts anticipate that the company will post sales of $771.11 million, with estimates ranging from $768.01 million to $776.20 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Globant.
Globant (NYSE:GLOB) last posted its earnings results on Thursday, February 14th. The information technology services provider reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Globant had a net margin of 9.89% and a return on equity of 16.40%. The firm had revenue of $140.14 million during the quarter, compared to the consensus estimate of $139.32 million. During the same period last year, the firm posted $0.39 EPS. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis.
Shares of NYSE GLOB traded up $0.33 during midday trading on Thursday, reaching $69.75. 149,577 shares of the stock were exchanged, compared to its average volume of 243,917. The company has a market cap of $2.49 billion, a PE ratio of 50.18 and a beta of 0.96. Globant has a 52-week low of $43.29 and a 52-week high of $73.00.
A number of institutional investors have recently made changes to their positions in the business. Comerica Bank acquired a new position in shares of Globant in the third quarter valued at $1,068,000. Brookstone Capital Management bought a new position in Globant in the third quarter valued at about $285,000. Bamco Inc. NY boosted its holdings in Globant by 5.9% during the third quarter. Bamco Inc. NY now owns 34,680 shares of the information technology services provider’s stock worth $2,046,000 after buying an additional 1,933 shares during the last quarter. Rehmann Capital Advisory Group boosted its holdings in Globant by 6,078.1% during the third quarter. Rehmann Capital Advisory Group now owns 31,323 shares of the information technology services provider’s stock worth $531,000 after buying an additional 30,816 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in Globant by 7.4% during the third quarter. BlackRock Inc. now owns 415,104 shares of the information technology services provider’s stock worth $24,487,000 after buying an additional 28,454 shares during the last quarter. 78.62% of the stock is owned by hedge funds and other institutional investors.
Globant SA, a technology services company, provides services related to application development, testing, infrastructure management, and application maintenance worldwide. The company offers machine learning, pattern recognition, natural language understanding, future of organizations, customer insight, behavioral change, product innovation, design thinking, product management discovery and delivery, and product coaching services.
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