Globant (GLOB) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Globant despite higher revenues, with a focus on how actual results will compare to estimates [1][2]. Earnings Expectations - Globant is expected to report quarterly earnings of $1.54 per share, reflecting a year-over-year decrease of 5.5% [3]. - Revenue projections stand at $615.25 million, indicating a slight increase of 0.1% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.74% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Globant is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.13% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive reading indicates a likely earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - Globant currently holds a Zacks Rank of 3, suggesting a potential to beat the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Globant exceeded the expected earnings of $1.52 per share by delivering $1.53, resulting in a surprise of +0.66% [13]. - Over the past four quarters, Globant has beaten consensus EPS estimates twice [14]. Conclusion - While Globant is positioned as a strong candidate for an earnings beat, other factors may also influence stock movement post-earnings release [15][17].