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 18, 2025
DataAggregated Company Financials
Companies104
- 7D9.2%
- 3M-10.6%
- 1Y29.7%
- YTD7.4%
In the last week, the IT industry is up 9.2%, with Shopify up 21%. During this same period, the Globant underperformed, falling 21%. This takes the industry's 12 month performance to a gain of 30%. As for the next few years, earnings are expected to grow by 17% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 19 May 2025 | US$943.4b | US$239.9b | US$16.9b | 29.7x | 55.8x | 3.9x |
| Wed, 16 Apr 2025 | US$814.3b | US$242.3b | US$18.5b | 33.9x | 44x | 3.4x |
| Fri, 14 Mar 2025 | US$877.6b | US$240.0b | US$18.7b | 43.8x | 47x | 3.7x |
| Sun, 09 Feb 2025 | US$981.1b | US$234.2b | US$16.3b | 48.1x | 60.3x | 4.2x |
| Tue, 07 Jan 2025 | US$871.5b | US$234.1b | US$16.5b | 48.4x | 53x | 3.7x |
| Thu, 05 Dec 2024 | US$888.6b | US$233.2b | US$16.4b | 45.3x | 54.3x | 3.8x |
| Sat, 02 Nov 2024 | US$772.8b | US$233.1b | US$15.9b | 45.6x | 48.5x | 3.3x |
| Mon, 30 Sep 2024 | US$796.7b | US$233.8b | US$17.8b | 40.3x | 44.7x | 3.4x |
| Wed, 28 Aug 2024 | US$753.9b | US$233.1b | US$17.4b | 34.3x | 43.2x | 3.2x |
| Fri, 26 Jul 2024 | US$729.1b | US$237.1b | US$17.4b | 29.2x | 41.9x | 3.1x |
| Sun, 23 Jun 2024 | US$703.6b | US$237.1b | US$17.2b | 27.8x | 41x | 3x |
| Tue, 21 May 2024 | US$716.6b | US$236.8b | US$17.3b | 25.8x | 41.5x | 3x |
| Thu, 18 Apr 2024 | US$723.5b | US$227.7b | US$13.7b | 24.3x | 52.6x | 3.2x |
| Sat, 16 Mar 2024 | US$808.5b | US$227.7b | US$14.4b | 22.3x | 56.2x | 3.6x |
| Mon, 12 Feb 2024 | US$856.9b | US$226.8b | US$13.1b | 22.7x | 65.4x | 3.8x |
| Wed, 10 Jan 2024 | US$779.9b | US$229.4b | US$12.9b | 20x | 60.3x | 3.4x |
| Fri, 08 Dec 2023 | US$751.4b | US$229.0b | US$12.8b | 21.1x | 58.7x | 3.3x |
| Sun, 05 Nov 2023 | US$679.6b | US$228.3b | US$12.1b | 19.8x | 56x | 3x |
| Tue, 03 Oct 2023 | US$662.3b | US$227.2b | US$6.5b | 23.4x | 102.4x | 2.9x |
| Thu, 31 Aug 2023 | US$691.5b | US$226.3b | US$6.6b | 21.7x | 104.4x | 3.1x |
| Sat, 29 Jul 2023 | US$691.2b | US$228.6b | US$6.2b | 23.3x | 111.4x | 3x |
| Mon, 26 Jun 2023 | US$661.8b | US$228.6b | US$6.1b | 23.4x | 107.8x | 2.9x |
| Wed, 24 May 2023 | US$638.3b | US$229.1b | US$5.1b | 24x | 124.7x | 2.8x |
| Fri, 21 Apr 2023 | US$584.1b | US$225.7b | US$2.7b | 22.8x | 214.5x | 2.6x |
| Sun, 19 Mar 2023 | US$906.7b | US$347.5b | -US$7,069,796,349.00 | 24x | -128.3x | 2.6x |
| Tue, 14 Feb 2023 | US$2.0t | US$460.4b | US$23.2b | 27.1x | 88.3x | 4.4x |
| Thu, 12 Jan 2023 | US$2.0t | US$458.1b | US$39.2b | 29.3x | 50.8x | 4.3x |
| Sat, 10 Dec 2022 | US$1.9t | US$457.0b | US$39.0b | 28.1x | 49.4x | 4.2x |
| Mon, 07 Nov 2022 | US$1.8t | US$455.2b | US$38.1b | 25.4x | 46.4x | 3.9x |
| Wed, 05 Oct 2022 | US$1.9t | US$449.6b | US$41.7b | 26.4x | 44.9x | 4.2x |
| Fri, 02 Sep 2022 | US$2.0t | US$446.5b | US$41.5b | 28.5x | 47.4x | 4.4x |
| Sun, 31 Jul 2022 | US$2.1t | US$446.8b | US$47.1b | 29.7x | 43.8x | 4.6x |
| Tue, 28 Jun 2022 | US$2.0t | US$442.1b | US$47.1b | 27.9x | 42.1x | 4.5x |
| Thu, 26 May 2022 | US$2.0t | US$438.5b | US$45.9b | 27.7x | 43.2x | 4.5x |
Price to Earnings Ratio
43.2x
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 55.8x which is lower than its 3-year average PE of 67.3x.
- The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 28% 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 | 5.34% | |
| Tech | 8.21% | |
| IT | 9.25% | |
| Internet Services and Infrastructure | 17.04% | |
| IT Consulting | 4.55% | |
| Data Processing Services | 1.89% | |
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 5.9% 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 | |
|---|---|---|---|---|---|
| SHOP Shopify | US$110.75 | 20.7% +US$24.6b | 89.2% | PE89.2x | |
| IBM International Business Machines | US$266.76 | 7.0% +US$16.0b | 57.8% | PE44.2x | |
| CRWV CoreWeave | US$80.30 | 56.3% +US$14.7b | n/a | PS14.2x | |
| NET Cloudflare | US$157.19 | 18.8% +US$8.6b | 108.9% | PS30.8x | |
| ACN Accenture | US$317.69 | 3.2% +US$6.1b | 4.6% | PE25.9x |
