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

• Globant SA GLOB.N reported quarterly adjusted earnings of $1.63​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.48. The mean expectation of seventeen analysts for the quarter was for earnings of $1.63 per share. Wall Street expected results to range from $1.60 to $1.66 per share.

• Revenue rose 12.7% to $614.67 million from a year ago; analysts expected $614.82 million.

• Globant SA's reported EPS for the quarter was 98 cents​.

• The company reported quarterly net income of $43.61 million.

• Globant SA shares had risen by 15.5% this quarter and lost 3.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy," 6 "hold" and 1 "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 $240.00

This summary was machine generated from LSEG data November 15 at 02:04 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)