Globant (GLOB) Tops Q3 EPS by 1c, provides outlook

Globant (NYSE: GLOB) reported Q3 EPS of $1.48, $0.01 better than the analyst estimate of $1.47. Revenue for the quarter came in at $545.3 million versus the consensus estimate of $545.16 million.

2023 Fourth Quarter and Full Year Outlook

Based on current market conditions, Globant is providing the following estimates for the fourth quarter and the full year of 2023:

Fourth quarter 2023 Revenues are estimated to be at least $579.0 million, or 18.0% year-over-year growth.
Fourth quarter 2023 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of 15-16%.
Fourth quarter 2023 Non-IFRS Adjusted Diluted EPS is estimated to be at least $1.60 (assuming an average of 43.9 million diluted shares outstanding during the fourth quarter).
Fiscal year 2023 Revenues are estimated to be at least $2,094.0 million, implying at least 17.6% year-over-year revenue growth.
Fiscal year 2023 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of 15%-16%.
Fiscal year 2023 Non-IFRS Adjusted Diluted EPS is estimated to be at least $5.72 (assuming an average of 43.6 million diluted shares outstanding during 2023).

For earnings history and earnings-related data on Globant (GLOB) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• KB Home (KBH) Misses Q2 EPS by 2c; Offers Outlook
• Stifel Canada Starts BlackBerry (BB) at Buy