Equities research analysts forecast that Globant SA (NYSE:GLOB) will announce sales of $112.73 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Globant’s earnings, with the highest sales estimate coming in at $114.62 million and the lowest estimate coming in at $107.38 million. Globant reported sales of $88.74 million during the same quarter last year, which would indicate a positive year over year growth rate of 27%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 17th.
On average, analysts expect that Globant will report full-year sales of $112.73 million for the current fiscal year, with estimates ranging from $500.79 million to $504.91 million. For the next financial year, analysts anticipate that the firm will post sales of $601.87 million per share, with estimates ranging from $593.70 million to $607.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Globant.
Several research firms have recently weighed in on GLOB. Zacks Investment Research lowered shares of Globant from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 22nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $54.00 target price (up previously from $50.00) on shares of Globant in a report on Tuesday, February 20th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $36.00 target price (down previously from $42.00) on shares of Globant in a report on Friday, November 17th. SunTrust Banks upped their target price on shares of Globant to $52.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of Globant from a “buy” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Globant presently has a consensus rating of “Hold” and a consensus target price of $49.57.
Shares of Globant (NYSE GLOB) opened at $54.04 on Friday. The stock has a market cap of $1,910.00, a price-to-earnings ratio of 62.11 and a beta of 0.51. Globant has a fifty-two week low of $33.56 and a fifty-two week high of $54.84.
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Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.
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