$0.28 EPS Expected for Globant S.A. (GLOB)

August 12, 2018 - By Vernon Rice

Globant S.A. (NYSE:GLOB) LogoInvestors sentiment increased to 1.29 in Q1 2018. Its up 0.06, from 1.23 in 2017Q4. It improved, as 8 investors sold Globant S.A. shares while 33 reduced holdings. 20 funds opened positions while 33 raised stakes. 20.94 million shares or 4.36% less from 21.90 million shares in 2017Q4 were reported.
Hood River Capital Llc invested 1.22% in Globant S.A. (NYSE:GLOB). Cubist Systematic Strategies Ltd Liability Corporation accumulated 8,347 shares. Stifel Finance Corporation reported 0% stake. Moreover, Waddell & Reed Fincl has 0.08% invested in Globant S.A. (NYSE:GLOB). Oppenheimer Asset Mgmt stated it has 0.07% of its portfolio in Globant S.A. (NYSE:GLOB). Wellington Mgmt Group Limited Liability Partnership accumulated 647,759 shares or 0.01% of the stock. Parametric Portfolio Assocs Ltd Liability holds 67,898 shares. Gotham Asset Mngmt Ltd Liability Company has 48,696 shares for 0.04% of their portfolio. Moreover, Redwood Invs Ltd Liability has 0.1% invested in Globant S.A. (NYSE:GLOB) for 25,282 shares. Comgest Global Investors Sas accumulated 44,972 shares. The California-based has invested 0.03% in Globant S.A. (NYSE:GLOB). Savings Bank Of America De holds 0% or 121,433 shares. Gluskin Sheff & Assocs reported 227,421 shares. Fdx Advsr Inc invested 0.01% in Globant S.A. (NYSE:GLOB). Wealthtrust holds 198 shares.

Analysts expect Globant S.A. (NYSE:GLOB) to report $0.28 EPS on August, 23 after the close.They anticipate $0.18 EPS change or 180.00 % from last quarter’s $0.1 EPS. GLOB’s profit would be $10.01 million giving it 51.97 P/E if the $0.28 EPS is correct. After having $0.30 EPS previously, Globant S.A.’s analysts see -6.67 % EPS growth. The stock increased 0.05% or $0.03 during the last trading session, reaching $58.21. About 242,484 shares traded. Globant S.A. (NYSE:GLOB) has risen 29.17% since August 13, 2017 and is uptrending. It has outperformed by 16.60% the S&P500.

Globant S.A. (NYSE:GLOB) Ratings Coverage

Among 4 analysts covering Globant (NYSE:GLOB), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Globant had 4 analyst reports since February 20, 2018 according to SRatingsIntel. The stock has “Outperform” rating by Wedbush on Tuesday, June 19. The firm has “Overweight” rating given on Tuesday, February 20 by JP Morgan. On Wednesday, April 4 the stock rating was upgraded by SunTrust to “Buy”.

Globant S.A. develops and provides software solutions to clients in North America, the Latin America, Europe, and Asia. The company has market cap of $2.08 billion. It offers API management, e-commerce, and digital solutions; graphics engineering, game engineering, gaming experience, VR/AR development, and digital platform services; Big Data services, such as data integration, data architecture, scalable platform, blockchain, data visualization, and data science; testing center, test automation, mobile testing, and load and performance testing services. It has a 66.83 P/E ratio. The firm also provides enterprise consumerization services, including enterprise operations, collaboration solutions, cloud development, and talent management; UX design services comprising service, user experience, industrial design, and visual design; and native development, product development, and enterprise mobility services for mobiles.

Another recent and important Globant S.A. (NYSE:GLOB) news was published by Investorplace.com which published an article titled: “6 Tech Stocks Poised to Smash Estimates This Earnings Season” on August 08, 2018.

Globant S.A. (NYSE:GLOB) Ratings Chart

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