Globant (GLOB) Tops Q2 EPS by 2c, provides guidance

Globant (NYSE: GLOB) reported Q2 EPS of $1.51, $0.02 better than the analyst estimate of $1.49. Revenue for the quarter came in at $587.5 million versus the consensus estimate of $586.68 million.

GUIDANCE:

Globant sees Q3 2024 EPS of $1.60-$1.64, versus the consensus of $1.61. Globant sees Q3 2024 revenue of $611-617 million, versus the consensus of $618.3 million. Third quarter 2024 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of 15.0% to 16.0%.

Fiscal year 2024 Revenues are estimated to be in the range of $2,407.0 million to $2,421.0 million, versus the consensus of $2,424 million, implying a 14.8% to 15.5% year-over-year revenue growth.
Fiscal year 2024 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of 15.0% to 15.5%.
Fiscal year 2024 Non-IFRS Adjusted Diluted EPS is estimated to be in the range of $6.30 to $6.50, , versus the consensus of $6.34.

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

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