Globant SA (NYSE: GLOB ) reported mixed second-quarter financial results and cut its FY26 guidance below estimates on Thursday.
Globant reported quarterly earnings of $1.40 per share, which missed the analyst consensus estimate of $1.50 per share. The company reported quarterly sales of $614.417 million, which beat the analyst consensus estimate of $613.062 million.
Globant said it sees third-quarter adjusted EPS of $1.43-$1.53, versus market estimates of $1.59. The company sees sales of $607.000 million-$615.000 million, versus estimates of $625.791 million.
Globant shares dipped 11.8% to $36.15 in pre-market trading.
These analysts made changes to their price targets on Globant following earnings announcement.
Needham analyst Mayank Tandon maintained the stock with a Buy and lowered the price target from $50 to $45. Goldman Sachs analyst James Schneider maintained the stock with a Neutral and cut the price target from $60 to $52.Considering buying GLOB stock? Here’s what analysts think:
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