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 19, 2025
DataAggregated Company Financials
Companies104
- 7D4.9%
- 3M-10.8%
- 1Y29.1%
- YTD7.4%
In the last week, the IT industry is up 4.9%, with International Business Machines leading the way, up 5.2%. In the last 12 months, the industry was up 29%. 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 |
|---|---|---|---|---|---|---|
| Tue, 20 May 2025 | US$943.4b | US$239.9b | US$16.9b | 29.7x | 55.8x | 3.9x |
| Thu, 17 Apr 2025 | US$816.7b | US$242.4b | US$18.5b | 33.2x | 44.1x | 3.4x |
| Sat, 15 Mar 2025 | US$853.1b | US$240.0b | US$18.7b | 45.8x | 45.7x | 3.6x |
| Mon, 10 Feb 2025 | US$981.1b | US$234.2b | US$16.3b | 48.1x | 60.3x | 4.2x |
| Wed, 08 Jan 2025 | US$878.6b | US$234.1b | US$16.5b | 47.9x | 53.4x | 3.8x |
| Fri, 06 Dec 2024 | US$908.5b | US$233.2b | US$16.4b | 47.6x | 55.5x | 3.9x |
| Sun, 03 Nov 2024 | US$776.2b | US$233.1b | US$15.9b | 45.6x | 48.7x | 3.3x |
| Tue, 01 Oct 2024 | US$796.8b | US$233.8b | US$17.8b | 40x | 44.7x | 3.4x |
| Thu, 29 Aug 2024 | US$755.3b | US$233.1b | US$17.5b | 34.2x | 43.2x | 3.2x |
| Sat, 27 Jul 2024 | US$742.0b | US$237.1b | US$17.4b | 29.3x | 42.7x | 3.1x |
| Mon, 24 Jun 2024 | US$703.6b | US$237.1b | US$17.2b | 27.8x | 41x | 3x |
| Wed, 22 May 2024 | US$721.0b | US$236.8b | US$17.3b | 25.7x | 41.6x | 3x |
| Fri, 19 Apr 2024 | US$721.5b | US$227.7b | US$13.7b | 24.2x | 52.5x | 3.2x |
| Sun, 17 Mar 2024 | US$798.4b | US$227.7b | US$14.4b | 22.3x | 55.5x | 3.5x |
| Tue, 13 Feb 2024 | US$848.8b | US$226.8b | US$13.1b | 21.4x | 64.7x | 3.7x |
| Thu, 11 Jan 2024 | US$779.9b | US$229.4b | US$12.9b | 20.1x | 60.3x | 3.4x |
| Sat, 09 Dec 2023 | US$753.3b | US$229.0b | US$12.8b | 21.3x | 58.8x | 3.3x |
| Mon, 06 Nov 2023 | US$679.6b | US$228.3b | US$12.1b | 19.8x | 56x | 3x |
| Wed, 04 Oct 2023 | US$661.8b | US$227.2b | US$6.5b | 23x | 102.3x | 2.9x |
| Fri, 01 Sep 2023 | US$703.8b | US$226.5b | US$6.7b | 21.6x | 104.7x | 3.1x |
| Sun, 30 Jul 2023 | US$691.2b | US$228.6b | US$6.2b | 23.3x | 111.4x | 3x |
| Tue, 27 Jun 2023 | US$659.1b | US$228.6b | US$6.1b | 23.5x | 107.3x | 2.9x |
| Thu, 25 May 2023 | US$636.2b | US$229.1b | US$5.1b | 23.8x | 124.3x | 2.8x |
| Sat, 22 Apr 2023 | US$585.8b | US$225.6b | US$2.7b | 22.4x | 214.9x | 2.6x |
| Mon, 20 Mar 2023 | US$553.2b | US$224.7b | US$2.5b | 22.1x | 225.6x | 2.5x |
| Wed, 15 Feb 2023 | US$2.0t | US$460.4b | US$23.2b | 26.9x | 88.3x | 4.4x |
| Fri, 13 Jan 2023 | US$2.0t | US$458.2b | US$39.2b | 29.4x | 51.2x | 4.4x |
| Sun, 11 Dec 2022 | US$1.9t | US$457.0b | US$39.0b | 28.1x | 49.4x | 4.2x |
| Tue, 08 Nov 2022 | US$1.8t | US$455.1b | US$38.1b | 25.8x | 46.7x | 3.9x |
| Thu, 06 Oct 2022 | US$1.9t | US$449.6b | US$41.7b | 26.5x | 45.1x | 4.2x |
| Sat, 03 Sep 2022 | US$1.9t | US$446.8b | US$41.5b | 28.5x | 46.7x | 4.3x |
| Mon, 01 Aug 2022 | US$2.1t | US$446.9b | US$47.0b | 29.7x | 43.9x | 4.6x |
| Wed, 29 Jun 2022 | US$1.9t | US$442.3b | US$47.1b | 27.2x | 41.1x | 4.4x |
| Fri, 27 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 | 2.94% | |
| Tech | 5.81% | |
| IT | 4.91% | |
| Internet Services and Infrastructure | 10.45% | |
| IT Consulting | 1.47% | |
| Data Processing Services | 0.33% | |
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 | |
|---|---|---|---|---|---|
| CRWV CoreWeave | US$86.59 | 48.0% +US$14.4b | n/a | PS15.3x | |
| IBM International Business Machines | US$268.41 | 5.8% +US$13.4b | 58.0% | PE44.4x | |
| SHOP Shopify | US$109.10 | 4.6% +US$6.2b | 85.2% | PE87.9x | |
| NET Cloudflare | US$157.52 | 10.6% +US$5.3b | 108.3% | PS30.8x | |
| TWLO Twilio | US$116.15 | 4.5% +US$757.3m | 90.7% | PS3.9x |
