GLOB Stock Recent News

LUXEMBOURG , Feb. 28, 2025 /PRNewswire/ -- Globant S.A. (NYSE: GLOB), a digitally native technology services company (the "Company"), announced today that it filed its annual report on Form 20-F for the year ended December 31, 2024 (the "2024 Annual Report") with the U.S. Securities and Exchange Commission ("SEC").

Globant has plunged over 30% on mixed quarter and soft guidance. Top-line growth is decelerating, and it is no longer an aberration. Despite the recent plunge, the stock still commands premium pricing.

Globant, a multinational IT company, is rated a buy with a price target of $183, projecting an 18% upside by year-end. Despite recent underperformance and revenue misses due to LATAM currency issues, GLOB's fundamentals remain solid with growth prospects in new markets like the Middle East. GLOB's participation in major projects like Saudi Arabia's Qiddiya could significantly boost its market penetration and overall growth.

Globant's Q4 2024 performance is driven by its strategic investments in artificial intelligence and the expansion of its service offerings.

Globant S.A. (NYSE:GLOB ) Q4 2024 Earnings Conference Call February 20, 2024 4:30 PM ET Company Participants Arturo Langa - IR Martin Migoya - Co-Founder and CEO Diego Tartara - Chief Technology Officer Patricia Pomies - COO Juan Urthiague - CFO Conference Call Participants James Schneider - Goldman Sachs Puneet Jain - JPMorgan Maggie Nolan - William Blair Jamie Friedman - Susquehanna Jonathan Lee - Guggenheim Zachary Ajzenman - TD Cowen Sean Kennedy - Mizuho Surinder Thind - Jefferies Divya Goyal - Scotia Arvind Ramnani - Piper Sandler Arturo Langa Good day, and welcome to Globant's Fourth Quarter and Full Year 2024 Earnings Conference Call.

Globant (GLOB -3.42%), a leader in IT and software services, released its fourth-quarter earnings on Feb. 20. The Luxembourg-based company's non-IFRS adjusted diluted EPS of $1.75 marginally exceeded analysts' expectations of $1.74.

Globant (GLOB) came out with quarterly earnings of $1.75 per share, beating the Zacks Consensus Estimate of $1.74 per share. This compares to earnings of $1.62 per share a year ago.

Ending On A High Note Fourth quarter revenues of $642.5 million, up 10.6% year-over-year IFRS Diluted EPS of $0.85 for the fourth quarter Non-IFRS Adjusted Diluted EPS of $1.75 for the fourth quarter Full year 2024  revenues of $2,415.7 million, up 15.3% year-over-year IFRS Diluted EPS of $3.72 for the full year Non-IFRS Adjusted Diluted EPS of $6.40 for the full year LUXEMBOURG , Feb. 20, 2025 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced results for the three months and year ended December 31, 2024. Please see highlights below.

LUXEMBOURG , Feb. 13, 2025 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced it will release results for the fourth quarter and full year ended December 31st, 2024 on Thursday, February 20th, 2025 after the close of regular market hours. Following the release, Martin Migoya, Globant's CEO & co-founder; Juan Urthiague, Globant's CFO; Patricia Pomies, Globant's COO; and Diego Tártara, Globant's CTO, will discuss the results in a video conference call beginning at 4:30 pm ET.

Globant (GLOB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.