Earnings Miss: Globant S.A. Missed EPS By 30% And Analysts Are Revising Their Forecasts
May 18
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U.S. IT Industry Analysis
UpdatedMay 22, 2025
DataAggregated Company Financials
Companies102
- 7D0.4%
- 3M-10.2%
- 1Y25.9%
- YTD5.9%
Over the last 7 days, the IT industry has remained flat, although notably CoreWeave gained 59%. As for the the longer term, the industry is up 26% over the past 12 months. Looking forward, earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the U.S. IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 22 May 2025 | US$938.4b | US$240.0b | US$17.1b | 29.8x | 55x | 3.9x |
| Sat, 19 Apr 2025 | US$804.6b | US$242.4b | US$18.5b | 33.9x | 43.5x | 3.3x |
| Mon, 17 Mar 2025 | US$870.4b | US$240.0b | US$18.7b | 45.8x | 46.6x | 3.6x |
| Wed, 12 Feb 2025 | US$986.9b | US$234.8b | US$16.9b | 50.9x | 58.3x | 4.2x |
| Fri, 10 Jan 2025 | US$873.6b | US$234.0b | US$16.5b | 40.7x | 53.1x | 3.7x |
| Sun, 08 Dec 2024 | US$922.3b | US$233.2b | US$16.4b | 48.2x | 56.3x | 4x |
| Tue, 05 Nov 2024 | US$776.2b | US$233.2b | US$15.9b | 46.4x | 48.8x | 3.3x |
| Thu, 03 Oct 2024 | US$802.2b | US$233.8b | US$17.8b | 41x | 45x | 3.4x |
| Sat, 31 Aug 2024 | US$751.3b | US$233.3b | US$17.5b | 34.5x | 42.8x | 3.2x |
| Mon, 29 Jul 2024 | US$743.4b | US$237.1b | US$17.4b | 29.3x | 42.8x | 3.1x |
| Wed, 26 Jun 2024 | US$704.2b | US$237.1b | US$17.2b | 27.7x | 41x | 3x |
| Fri, 24 May 2024 | US$722.8b | US$237.0b | US$17.3b | 25.1x | 41.8x | 3x |
| Sun, 21 Apr 2024 | US$719.1b | US$227.7b | US$13.7b | 24x | 52.3x | 3.2x |
| Tue, 19 Mar 2024 | US$798.8b | US$227.7b | US$14.4b | 22.6x | 55.6x | 3.5x |
| Thu, 15 Feb 2024 | US$818.2b | US$227.3b | US$14.4b | 22.5x | 56.7x | 3.6x |
| Sat, 13 Jan 2024 | US$799.2b | US$229.4b | US$12.9b | 20.7x | 61.8x | 3.5x |
| Mon, 11 Dec 2023 | US$759.9b | US$229.0b | US$12.8b | 21.3x | 59.3x | 3.3x |
| Wed, 08 Nov 2023 | US$675.8b | US$228.3b | US$12.1b | 20.9x | 55.7x | 3x |
| Fri, 06 Oct 2023 | US$656.2b | US$227.2b | US$6.5b | 22.7x | 101.4x | 2.9x |
| Sun, 03 Sep 2023 | US$710.1b | US$226.6b | US$6.8b | 21.9x | 104.4x | 3.1x |
| Tue, 01 Aug 2023 | US$705.2b | US$228.6b | US$6.2b | 23.7x | 113.7x | 3.1x |
| Thu, 29 Jun 2023 | US$672.8b | US$228.6b | US$6.1b | 23.6x | 109.5x | 2.9x |
| Sat, 27 May 2023 | US$646.8b | US$229.3b | US$5.1b | 23.4x | 127.6x | 2.8x |
| Mon, 24 Apr 2023 | US$585.8b | US$225.6b | US$2.7b | 22.4x | 214.6x | 2.6x |
| Wed, 22 Mar 2023 | US$568.2b | US$224.9b | US$2.4b | 22.8x | 232.1x | 2.5x |
| Fri, 17 Feb 2023 | US$2.0t | US$460.5b | US$23.0b | 27.5x | 88x | 4.4x |
| Sun, 15 Jan 2023 | US$2.0t | US$458.1b | US$39.1b | 29.2x | 51.2x | 4.4x |
| Tue, 13 Dec 2022 | US$2.0t | US$456.9b | US$39.0b | 28.1x | 50.7x | 4.3x |
| Thu, 10 Nov 2022 | US$1.8t | US$455.5b | US$38.1b | 26.6x | 46.1x | 3.9x |
| Sat, 08 Oct 2022 | US$1.8t | US$449.6b | US$41.7b | 26.3x | 43.3x | 4x |
| Mon, 05 Sep 2022 | US$1.9t | US$446.8b | US$41.5b | 28.5x | 46.7x | 4.3x |
| Wed, 03 Aug 2022 | US$2.1t | US$443.2b | US$45.3b | 29.9x | 45.5x | 4.6x |
| Fri, 01 Jul 2022 | US$1.9t | US$442.4b | US$47.2b | 27x | 39.9x | 4.3x |
| Sun, 29 May 2022 | US$2.1t | US$438.5b | US$47.3b | 27.6x | 44.3x | 4.8x |
Price to Earnings Ratio
44.3x
Current Industry PE
- Investors are pessimistic on the American IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 55.0x which is lower than its 3-year average PE of 67.4x.
- The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 29% per year over the last three years,
- Revenues have also declined 18% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the U.S. Tech industry?
| US Market | -1.15% | |
| Tech | -2.17% | |
| IT | 0.38% | |
| Internet Services and Infrastructure | 1.38% | |
| Data Processing Services | 0.30% | |
| IT Consulting | -0.28% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry, which is trading close to its 3-year average PE ratio of 32.0x.
- Analysts are expecting annual earnings growth of 10.3%, which is higher than its past year's earnings growth of 6.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings decline of 28% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 10% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CRWV CoreWeave | US$107.39 | 59.2% +US$20.2b | n/a | PS19x | |
| IBM International Business Machines | US$260.87 | 1.2% +US$2.8b | 50.2% | PE43.2x | |
| NET Cloudflare | US$156.52 | 1.3% +US$703.6m | 108.7% | PS30.6x | |
| GDS GDS Holdings | US$29.65 | 8.6% +US$458.8m | 270.2% | PE226.8x | |
| VRSN VeriSign | US$281.08 | 1.7% +US$439.5m | 60.6% | PE33.4x |
