Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Globant SA (GLOB)
NYSE:GLOB
Holding GLOB?
Track your performance easily
Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.73Last Year’s EPS
$1.62Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -3.19%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, particularly in AI-related work and new markets, alongside improved profitability. Despite some challenges like foreign exchange impacts and utilization rates below target, the overall performance and future outlook appear positive.Company Guidance
During Globant's third quarter 2024 earnings call, the company provided optimistic guidance for both the remainder of 2024 and 2025. Globant achieved a record revenue of $614.7 million, reflecting a 12.7% year-over-year growth and a 4.6% increase sequentially. The company forecasts a revenue range of $642 million to $648 million for Q4 2024, with adjusted operating margins expected between 15% and 16%. For the full year, revenue is projected to reach $2.415 billion to $2.421 billion, with an adjusted EPS of $6.37 to $6.43. Looking ahead to 2025, Globant anticipates double-digit revenue growth, driven by a strong pipeline, including significant AI-related projects, and more strategic M&A contributions, expected to add 2-3% to growth. The company has maintained a robust balance sheet, ending Q3 with $213.5 million in cash and short-term investments, and continues to see opportunities for expansion, notably in the Middle East and Europe.Strong Revenue Growth
Globant reported $614.7 million in revenue for Q3 2024, marking a 4.6% growth from the last quarter and 12.7% year-over-year.
AI Revenue Surge
AI-related work generated over $250 million in revenue for the first 9 months of 2024, up 120% from the same period last year.
Expansion in New Markets
New markets in the Middle East and APAC showed a 35.3% sequential growth and 53.1% year-over-year.
Strong Client Growth
Revenue from the largest client, the Walt Disney Company, increased by 17.5% year-over-year and 14% quarter-over-quarter.
Improved Profitability
Adjusted operating margin reached 15.6%, the highest recorded in the past 2 years.
---
GLOB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
GLOB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $228.79 | $203.29 | -11.15% |
| Aug 15, 2024 | $194.37 | $204.24 | +5.08% |
| May 16, 2024 | $177.73 | $167.75 | -5.62% |
| Feb 15, 2024 | $239.11 | $224.04 | -6.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Globant SA (GLOB) report earnings?
Globant SA (GLOB) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Globant SA (GLOB) earnings time?
Globant SA (GLOB) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GLOB EPS forecast?
GLOB EPS forecast for the fiscal quarter 2024 (Q4) is $1.73.
---