Globant (GLOB) is scheduled to release its latest quarterly earnings report on Thursday, February 15, 2024. As investors anticipate this announcement, here’s what they need to know.
Analysts have estimated that Globant will report earnings per share (EPS) of $1.61. The company’s supporters are hoping for not only an earnings beat but also positive guidance for the next quarter, indicating forecasted growth.
It’s important to note that the price of a stock is often influenced more by the guidance or forecast rather than an earnings beat or miss, particularly for new investors.
Looking at Globant’s past performance, last quarter the company missed EPS by $0.00. However, the share price increased by 11.85% the following day. Here’s a breakdown of Globant’s performance in previous quarters:
– Q3 2023: EPS Estimate – $1.48, EPS Actual – $1.48, Price Change – 11.85%
– Q2 2023: EPS Estimate – $1.35, EPS Actual – $1.36, Price Change – 7.93%
– Q1 2023: EPS Estimate – $1.27, EPS Actual – $1.28, Price Change – 10.38%
– Q4 2022: EPS Estimate – $1.38, EPS Actual – $1.40, Price Change – 6.79%
As of February 13, shares of Globant were trading at $230.0. Over the past 52 weeks, the stock has seen a 44.9% increase. These positive returns suggest that long-term shareholders are likely optimistic about the upcoming earnings release.
For more information on Globant’s earnings releases, investors can visit their earnings calendar on the Benzinga website.
Please note that this article was generated by Benzinga’s automated content engine and reviewed by an editor.
