Globant SA reports results for the quarter ended June 30 - Earnings Summary

• Globant SA GLOB reported quarterly adjusted earnings of $1.53​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.51. The mean expectation of fourteen analysts for the quarter was for earnings of $1.52 per share. Wall Street expected results to range from $1.46 to $1.53 per share.

• Revenue rose 4.5% to $614.18 million from a year ago; analysts expected $612.64 million.

• Globant SA's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $2.38 million.

• Globant SA shares had fallen by 12.3% this quarter and lost 62.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for Globant SA is $120.00, about 34.9% above its last closing price of $78.12

This summary was machine generated from LSEG data August 14 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)