Globant (GLOB) to Release Quarterly Earnings on Thursday

Globant (NYSE:GLOB) is expected to announce its Q2 2026 results after the market closes on Thursday, August 13th. Analysts expect the company to post earnings of $1.50 per share and revenue of $612.8560 million for the quarter. Interested persons may review the information on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Thursday, August 13, 2026 at 4:30 PM ET.

Globant (NYSE:GLOB) last issued its quarterly earnings data on Friday, May 15th. The information technology services provider reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. Globant had a return on equity of 9.87% and a net margin of 4.46%.The firm had revenue of $607.09 million during the quarter, compared to analyst estimates of $601.65 million. During the same period in the previous year, the company posted $1.50 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts expect Globant to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Globant Stock Up 3.2%

GLOB stock opened at $38.58 on Tuesday. Globant has a twelve month low of $27.56 and a twelve month high of $79.67. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $33.86 and its 200-day moving average is $42.98. The firm has a market capitalization of $1.69 billion, a PE ratio of 15.68, a P/E/G ratio of 1.41 and a beta of 1.02.

Globant announced that its Board of Directors has initiated a stock buyback program on Monday, May 18th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the information technology services provider to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Globant

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Globant during the 1st quarter valued at about $447,000. Goldman Sachs Group Inc. boosted its holdings in shares of Globant by 69.3% during the first quarter. Goldman Sachs Group Inc. now owns 74,237 shares of the information technology services provider’s stock worth $8,739,000 after purchasing an additional 30,386 shares during the period. First Trust Advisors LP raised its holdings in Globant by 61.9% in the 2nd quarter. First Trust Advisors LP now owns 102,280 shares of the information technology services provider’s stock worth $9,291,000 after purchasing an additional 39,122 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Globant by 823.2% in the 2nd quarter. Marshall Wace LLP now owns 105,894 shares of the information technology services provider’s stock worth $9,619,000 after acquiring an additional 94,424 shares in the last quarter. Finally, Amundi boosted its holdings in Globant by 192.7% in the second quarter. Amundi now owns 7,970 shares of the information technology services provider’s stock worth $727,000 after acquiring an additional 5,247 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GLOB shares. William Blair lowered Globant from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Needham & Company LLC reduced their price objective on shares of Globant from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, May 15th. UBS Group cut their price objective on Globant from $75.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Canaccord Genuity Group decreased their price target on shares of Globant from $50.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Finally, Wells Fargo & Company cut their target price on shares of Globant from $50.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $52.75.

Globant Company Profile

Globant is a digitally native technology services company founded in 2003 in Buenos Aires, Argentina. Specializing in software development and digital transformation, Globant partners with enterprises to conceive, design and engineer software products and platforms. The company leverages agile methodologies and proprietary delivery frameworks to accelerate projects in areas such as cloud migration, user experience design, data analytics, artificial intelligence and blockchain-enabled solutions.

Globant’s service offerings span strategy consulting, custom software engineering, digital experience design and managed services.