Globalstar Inc expected to post a loss of 3 cents a share - Earnings Preview

Globalstar

25/02/2025 21:42

Globalstar Inc GSAT.OQ GSAT.O is expected to show a rise in quarterly revenue when it reports  results on February 27 for the period ending December 31 2024

The Covington Louisiana-based  company is expected to report a 14.9% increase in revenue to $60.24 million from $52.41 million a year ago, according to the mean estimate from 2 analysts, based on LSEG data.

​LSEG's mean analyst estimate for Globalstar Inc is for a loss of 3 cents per share.

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

The average consensus recommendation for the wireless telecommunications services peer group is also "Buy".​

Wall Street's median 12-month price target for Globalstar Inc is $60.00​, above​ its last closing price of $20.58. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING
STARMINESMARTESTIMATE®
LSEG IBES ESTIMATE
ACTUAL
BEAT, MET, MISSED
SURPRISE %
Sep. 30 2024
0.00
0.00
0.00
Met
Jun. 30 2024
-0.03
-0.15
Missed
-400
Mar. 31 2024
-0.12
-0.04
-0.15
Missed
-274.5​
Dec. 31 2023
0.00
0.00
-0.15
Missed
​​Sep. 30 2023
-0.01
-0.04
Missed
-200
Jun. 30 2023
-0.06
-0.03
0.00
Beat
100​
Mar. 31 2023
-0.08
-0.05
0.06
Beat
220.1
Dec. 31 2022
-0.15
-0.15
0.00
Beat
100

This summary was machine generated February 25 at 21:42 GMT.  All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)