Globant (GLOB) Beats Q2 Earnings and Revenue Estimates

Core Viewpoint - Globant reported quarterly earnings of $1.53 per share, exceeding the Zacks Consensus Estimate of $1.52 per share, and showing a slight increase from $1.51 per share a year ago, indicating a positive earnings surprise of +0.66% [1] Financial Performance - The company achieved revenues of $614.18 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.19% and reflecting a year-over-year increase from $587.46 million [2] - Over the last four quarters, Globant has exceeded consensus EPS estimates two times and topped consensus revenue estimates twice [2] Stock Performance - Globant shares have declined approximately 62.8% since the beginning of the year, contrasting with a 10% gain in the S&P 500 [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.55, with expected revenues of $621.53 million, while the estimate for the current fiscal year is $6.14 on $2.47 billion in revenues [7] - The estimate revisions trend for Globant was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, suggesting it is expected to outperform the market in the near future [6] Industry Context - The Internet - Software and Services industry, to which Globant belongs, is currently ranked in the top 33% of over 250 Zacks industries, indicating a favorable outlook for stocks within this sector [8]