Globant (NYSE:GLOB) Issues FY 2026 Earnings Guidance

Globant (NYSE:GLOB) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 5.750-6.150 for the period, compared to the consensus EPS estimate of 5.940. The company issued revenue guidance of $2.4 billion-$2.5 billion, compared to the consensus revenue estimate of $2.5 billion. Globant also updated its Q3 2026 guidance to 1.430-1.430 EPS.

Globant Stock Performance

NYSE GLOB traded up $2.44 during trading hours on Thursday, reaching $41.18. The stock had a trading volume of 3,708,677 shares, compared to its average volume of 1,686,499. The stock has a fifty day moving average of $33.77 and a 200 day moving average of $42.57. The stock has a market cap of $1.81 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.47 and a beta of 1.02. Globant has a 52-week low of $27.56 and a 52-week high of $79.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.82 and a current ratio of 1.82.

Globant (NYSE:GLOB) last posted its quarterly earnings results on Thursday, August 13th. The information technology services provider reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.10). Globant had a return on equity of 9.87% and a net margin of 4.46%.The business had revenue of $614.42 million for the quarter, compared to analysts’ expectations of $612.86 million. Globant has set its FY 2026 guidance at 5.750-6.150 EPS and its Q3 2026 guidance at 1.430-1.430 EPS. Sell-side analysts predict that Globant will post 4.89 earnings per share for the current year.

Globant declared that its board has initiated a share repurchase plan on Monday, May 18th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the information technology services provider to repurchase up to 2.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GLOB. Itau BBA Securities downgraded Globant from an “outperform” rating to a “market perform” rating and set a $39.00 price target on the stock. in a research report on Wednesday, July 8th. Citigroup lowered their target price on Globant from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $33.00 target price on Globant in a report on Friday, July 10th. Needham & Company LLC dropped their price objective on shares of Globant from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Finally, William Blair cut shares of Globant from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Six research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Globant presently has an average rating of “Hold” and a consensus target price of $52.75.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Advisors Asset Management Inc. grew its stake in Globant by 77.4% in the 4th quarter. Advisors Asset Management Inc. now owns 912 shares of the information technology services provider’s stock valued at $60,000 after acquiring an additional 398 shares during the period. CIBC Private Wealth Group LLC raised its position in Globant by 83.2% during the third quarter. CIBC Private Wealth Group LLC now owns 1,125 shares of the information technology services provider’s stock worth $65,000 after acquiring an additional 511 shares during the period. State of Wyoming lifted its holdings in Globant by 78.9% during the second quarter. State of Wyoming now owns 882 shares of the information technology services provider’s stock valued at $80,000 after purchasing an additional 389 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Globant by 273.0% during the fourth quarter. Parallel Advisors LLC now owns 1,365 shares of the information technology services provider’s stock valued at $89,000 after purchasing an additional 999 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Globant in the fourth quarter valued at about $105,000. 91.60% of the stock is owned by institutional investors and hedge funds.

About Globant

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.