Globant's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Globant (NYSE:GLOB) is expected to report an EPS of $1.61 in its upcoming quarterly earnings on February 15, 2024. Analysts and investors are particularly interested in the company's guidance for future growth. Despite a miss in EPS last quarter, Globant's stock price increased by 11.85% the following day. Historically, the company has shown positive price changes post-earnings announcement. Currently, Globant's shares are trading at $230.0, marking a 44.9% increase over the last 52 weeks.
February 14, 2024 | 5:01 pm
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Globant is anticipated to report an EPS of $1.61 for the upcoming quarter, with significant attention on its future growth guidance. The stock has historically reacted positively to earnings announcements, and it's currently up 44.9% over the last year.
Given Globant's history of positive stock price reactions following earnings announcements, and the current positive trend in its stock price, it's likely that the upcoming earnings report could have a positive short-term impact. The focus will be on whether the company can beat the EPS estimate and provide optimistic future guidance, which has historically influenced stock prices more than the actual earnings result.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100