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Globant (NYSE:GLOB) will be releasing its next round of earnings this Thursday, August 15. For all of the relevant information, here is your guide for the Q2 earnings announcement.
Earnings and Revenue
Analysts expect Globant earnings of 52 cents per share. Revenue will likely be around $157.42 million, according to the consensus estimate.
In the same quarter last year, Globant posted a profit of 40 cents on sales of $127.89 million. If the company were to post earnings inline with the consensus estimate when it reports Thursday, EPS would be up 30.00%. Sales would be up 23.09% from the same quarter last year. Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
| EPS Estimate | 0.470 | 0.48 | 0.44 | 0.39 |
| EPS Actual | 0.500 | 0.5 | 0.46 | 0.4 |
Stock Performance
Over the last 52-week period, shares are up 82.15%. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Globant. The strength of this rating has maintained conviction over the past three months.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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