Recap: Globant Q4 Earnings
Portfolio Pulse from Benzinga Insights
Globant (NYSE:GLOB) reported Q4 earnings with an EPS of $1.62, beating estimates by 0.62% and showing a revenue increase of $89.98 million from the previous year. Despite a miss in the last quarter's EPS estimate, the share price increased by 11.85% the following day. The company has shown consistent growth in revenue and EPS over the past four quarters.
February 15, 2024 | 9:20 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Globant reported a positive Q4 earnings surprise with an EPS of $1.62, slightly above the estimate of $1.61, and a significant year-over-year revenue increase.
Globant's Q4 earnings beat and revenue growth are likely to positively impact investor sentiment and the stock price in the short term. Historical performance indicates that even a slight earnings miss did not prevent a substantial share price increase the following day, suggesting strong investor confidence in the company's growth trajectory.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100