$0.26 EPS Expected for Globant S.A. (GLOB)

January 23, 2018 - By Michael Collier

 $0.26 EPS Expected for Globant S.A. (GLOB)
Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.04, from 1.06 in 2017Q2. It worsened, as 20 investors sold Globant S.A. shares while 27 reduced holdings. 23 funds opened positions while 25 raised stakes. 22.09 million shares or 4.19% less from 23.06 million shares in 2017Q2 were reported.
Deutsche Savings Bank Ag owns 0% invested in Globant S.A. (NYSE:GLOB) for 96,430 shares. Mackenzie Fincl invested in 428,819 shares. Bell Bancshares owns 5,967 shares. Global X Mngmt Ltd Liability Corporation reported 0.12% stake. Grandeur Peak Glob Advsr Ltd Liability Corp has 474,125 shares. The California-based Wells Fargo & Mn has invested 0% in Globant S.A. (NYSE:GLOB). Massachusetts Services Ma invested in 680,140 shares or 0.01% of the stock. Fil Ltd holds 0.01% of its portfolio in Globant S.A. (NYSE:GLOB) for 106,378 shares. 2.98M were reported by Morgan Stanley. Dimensional Fund Advisors Lp has 140,924 shares. Stifel Corporation invested in 15,823 shares. Eqis Management has invested 0.01% in Globant S.A. (NYSE:GLOB). Parametric Portfolio Associates Lc reported 0% in Globant S.A. (NYSE:GLOB). Thornburg Management stated it has 0.06% of its portfolio in Globant S.A. (NYSE:GLOB). Tompkins Corp accumulated 671 shares or 0.01% of the stock.

Analysts expect Globant S.A. (NYSE:GLOB) to report $0.26 EPS on February, 15.They anticipate $0.03 EPS change or 10.34 % from last quarter’s $0.29 EPS. GLOB’s profit would be $9.12 million giving it 46.19 P/E if the $0.26 EPS is correct. After having $0.22 EPS previously, Globant S.A.’s analysts see 18.18 % EPS growth. The stock increased 0.88% or $0.42 during the last trading session, reaching $48.04. About 187,622 shares traded. Globant S.A. (NYSE:GLOB) has risen 4.32% since January 23, 2017 and is uptrending. It has underperformed by 12.38% the S&P500.

Globant S.A. (NYSE:GLOB) Ratings Coverage

Among 10 analysts covering Globant SA (NYSE:GLOB), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Globant SA had 24 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was initiated by Wedbush with “Outperform” on Friday, September 9. The rating was initiated by SunTrust on Monday, December 21 with “Buy”. The stock of Globant S.A. (NYSE:GLOB) earned “Buy” rating by Cowen & Co on Thursday, October 12. The firm has “Buy” rating given on Monday, February 8 by Citigroup. The stock of Globant S.A. (NYSE:GLOB) earned “Hold” rating by KeyBanc Capital Markets on Thursday, September 28. The firm has “Buy” rating given on Thursday, August 11 by Citigroup. SunTrust maintained Globant S.A. (NYSE:GLOB) rating on Thursday, November 16. SunTrust has “Hold” rating and $45.0 target. As per Thursday, December 17, the company rating was initiated by Sterne Agee CRT. Cowen & Co maintained the shares of GLOB in report on Friday, July 28 with “Buy” rating. On Thursday, July 27 the stock rating was downgraded by SunTrust to “Hold”.

Globant S.A. develops and provides software solutions to clients in North America, the Latin America, Europe, and Asia. The company has market cap of $1.69 billion. It offers API management, e-commerce, and digital solutions; graphics engineering, game engineering, gaming experience, VR/AR development, and digital platform services; Big Data services, such as data integration, data architecture, scalable platform, blockchain, data visualization, and data science; testing center, test automation, mobile testing, and load and performance testing services. It has a 60.89 P/E ratio. The firm also provides enterprise consumerization services, including enterprise operations, collaboration solutions, cloud development, and talent management; UX design services comprising service, user experience, industrial design, and visual design; and native development, product development, and enterprise mobility services for mobiles.

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