GLOB Earnings Prediction
The chart below shows how GLOB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GLOB sees a +0.89% change in stock price 10 days leading up to the earnings, and a +6.83% change 10 days following the report. On the earnings day itself, the stock moves by -0.67%. This data can give you a slight idea of what to expect for the next quarter's release.
GLOB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
614.67M
12.72%
4.63%
Gross Margin
36.16%
-0.58%
1.37%
Operating Margin
13.91%
4.51%
2.96%
Net Margin
7.41%
-7.84%
8.81%
EPS
0.98
0.00%
12.64%
No Data Available
GLOB Earnings Analysis
GLOBANT S.A. Corporation (GLOB.N) Earnings Conference Call
Positive
Record Revenue Achievement: GloBanT reported a record revenue of $614.7 million, reflecting a 12.7% year-over-year growth and a 4.6% sequential increase.
Projected Revenue Surge: The company anticipates the highest growth of any major IT service provider in 2024, estimating a 15% increase in revenue.
Strong Bookings Performance: GloBanT's bookings are solid, with two of the largest in the company's history secured in the last six months.
AI Revenue Surge: In the first nine months of 2024, AI-related work generated over $250 million in revenue, up 120% from the same period last year.
Gross Profit Margin Increase: The company closed Q3 with an adjusted gross profit margin of 38.5%, up 40 basis points sequentially and 30 basis points year-over-year.
Negative
Revenue Decline Analysis: Revenue growth was reported at $614.7 million, which is a 4.6% sequential decline from the previous quarter.
Operating Margin Decline: The adjusted operating margin decreased to 15.6%, reflecting a decline of 50 basis points sequentially and 30 basis points year-over-year.
Adjusted Net Income Decline: The effective tax rate stood at 20% for the quarter, resulting in an adjusted net income of $72.4 million, which is lower than expected.
Utilization Rate Decline: The utilization rate decreased slightly to 79.8%, down from 79.5% in Q3 2023, indicating a potential inefficiency in resource management.
Employee Retention Challenges: The attrition rate has increased to 9%, up from 9.5% in Q3 2023, suggesting challenges in employee retention.
GLOB FAQs
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GLOB Earning Call Sentiment
Globant S.A. (GLOB) Q3 2024 Earnings Call Transcript
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GLOB.N
-0.13%Positive
The earnings call presents a positive outlook with strong financial performance, including a significant revenue increase and improved margins. The company's AI initiatives and strategic growth in the Middle East and Latin America are promising. Despite some unclear responses in the Q&A, the overall sentiment remains positive due to strong guidance and successful acquisitions. The projected EPS growth and robust cash flow further support a positive sentiment. While some risks exist, such as talent acquisition challenges, they are outweighed by the company's growth prospects and strategic initiatives.
