Globant SA (NYSE: GLOB) has reported E.P.S. of $1.01 for its third fiscal quarter (ending September 30) versus $0.86 for the same period a year ago — an increase of 17%. Relative to the consensus estimate of $1.47, this was a shortfall of $-0.46. For the latest four quarters through September 30, E.P.S. were $3.67 compared to $3.31 a year ago — an increase of 11%.
Recent Price Action
On 11/16/23, Globant SA (NYSE: GLOB) stock declined by -1.5%, closing at $183.09. The stock has been exceptionally strong relative to the market over the last nine months but has declined -0.6% during the last week.
Current PriceTarget Research Rating
GLOB’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Globant has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Globant has a slightly negative Appreciation Score of 31 but a good Power Rating of 83, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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