Globant S.A. (GLOB) PT Lowered to $273 at JPMorgan
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Globant (GLOB) slides on conservative full-year guidance
February 16, 2024 10:28 AM ESTGlobant (NYSE: GLOB) reported a slight beat in its fourth-quarter earnings, with an adjusted EPS of $1.62, marginally surpassing the analyst consensus of $1.61. The revenue for the quarter also saw a slight increase to $580.7 million, just above the consensus estimate of $579.45 million. Despite these gains, the company's shares fell by 4.9% as the guidance for the first quarter and full fiscal year of 2024 fell short of analyst expectations.
The fourth-quarter revenue represented an 18.3% increase YoY, signaling robust growth for the company. However, the guidance... More
