Globalstar Inc reports results for the quarter ended December 31 - Earnings Summary

Globalstar

28/02/2025 14:57

Globalstar Inc GSAT.OQ reported a quarterly adjusted loss of 42 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -15 cents.  The mean expectation of three analysts for the quarter was for a loss of 3 cents per share. Wall Street expected results to range from -6 cents tozero cents per share.

Revenue rose 16.7% to $61.18 million from a year ago; analysts expected $60.24 million.

Globalstar Inc's reported EPS for the quarter was a loss of 42 cents​.

The company reported a quarterly loss of $50.22 million.

Globalstar Inc shares had fallen by 30.6% this quarter.

FORECAST CHANGES

In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

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

This summary was machine generated from LSEG data February 28 at 02:56 p.m. UTC. ​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)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Dec. 31 2024
-0.03
-0.42
Missed
Sep. 30 2024
0.00
0.00
Met
Jun. 30 2024
-0.03
-0.15
Missed
Mar. 31 2024
-0.04
-0.15
Missed