- Globant has updated its full-year revenue forecast to be between $2.42 billion, showing a slight narrowing from a previous range of $2.41 billion to $2.42 billion. The estimate stands at $2.42 billion.
- The company expects its non-IFRS adjusted earnings per share (EPS) for the full year to range from $6.37 to $6.43, refining a previous range of $6.30 to $6.50, with an estimate of $6.41.
- For the fourth quarter, Globant anticipates revenue between $642.0 million and $648.0 million, aligning closely with the estimate of $645.4 million.
- The fourth-quarter non-IFRS adjusted EPS is expected to range from $1.71 to $1.75, meeting the estimate of $1.74.
- In the third quarter, Globant reported revenue of $614.7 million, marking a 13% increase year-over-year, matching the estimated $614.7 million.
- The non-IFRS adjusted EPS for the third quarter was reported at $1.63, just above the estimated $1.62.
- The stock has received 17 buy recommendations, 7 hold recommendations, and 1 sell recommendation from analysts.
A look at Globant S.A. Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Globant S.A., a software solutions company, is positioned for strong long-term growth based on its Smartkarma Smart Scores. With a Growth score of 4 and Resilience score of 4, the company demonstrates robust potential for expanding its market presence and weathering economic uncertainties. Additionally, Globant S.A. boasts an impressive Momentum score of 5, indicating positive investor sentiment and market performance. While its Value score is moderate at 2 and Dividend score is low at 1, the company’s focus on growth and innovation suggests a promising outlook for the future.
Overall, Globant S.A.‘s Smartkarma Smart Scores point towards a favorable long-term trajectory, particularly in terms of growth, resilience, and market momentum. As a provider of engineering, design, and innovation services primarily in North America and Europe, the company’s strategic positioning in the software solutions sector bodes well for its continued success and expansion in the global market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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