Globant Likely To Report Lower Q3 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Earnings Report - Globant S.A. is set to release its third-quarter earnings results after the market closes on Thursday [1] - Analysts predict earnings of $1.55 per share, a decrease from $1.63 per share in the same quarter last year [1] - The consensus estimate for quarterly revenue is $615.35 million, slightly up from $614.67 million a year earlier [1] Partnership Announcement - On November 6, Globant announced a partnership with Riot Games aimed at enhancing esports player and fan experiences [2] - Following the announcement, Globant's shares fell by 1.8%, closing at $61.77 [2] Analyst Ratings - Citigroup analyst Bryan Keane initiated coverage with a Neutral rating and a price target of $67 [4] - JP Morgan analyst Tien-Tsin Huang downgraded the stock from Overweight to Neutral with a price target of $78 [4] - Needham analyst Mayank Tandon maintained a Buy rating but reduced the price target from $115 to $85 [4] - Canaccord Genuity analyst Joseph Vafi assumed a Hold rating and cut the price target from $165 to $97 [4] - Mizuho analyst Dan Dolev maintained an Outperform rating and lowered the price target from $194 to $153 [4]