Globant (GLOB) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Globant, with a focus on how actual results compare to estimates, which could significantly impact the stock price [1][2]. Earnings Expectations - Globant is expected to report quarterly earnings of $1.58 per share, reflecting a year-over-year increase of 3.3$622.45 million, representing a 9% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 2.87% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. - The current Earnings ESP for Globant is -1.71%, suggesting a likelihood of missing the consensus EPS estimate [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict the deviation of actual earnings from consensus estimates, with positive readings being more reliable [6][7]. - Stocks with a positive Earnings ESP and a strong Zacks Rank (1-3) have historically shown a nearly 70% chance of delivering a positive surprise [8]. Historical Performance - In the last reported quarter, Globant exceeded the expected earnings of $1.74 per share by posting$1.75, resulting in a surprise of 0.57% [12]. - Over the past four quarters, Globant has beaten consensus EPS estimates twice [13]. Conclusion - Globant does not currently appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of the earnings release [16].