Zacks: Analysts Expect Globalstar, Inc. (NASDAQ:GSAT) Will Announce Earnings of -$0.02 Per Share
Wall Street brokerages expect Globalstar, Inc. (NASDAQ:GSAT) to report earnings of ($0.02) per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Globalstar’s earnings. Globalstar posted earnings of ($0.01) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 100%. The firm is scheduled to announce its next quarterly earnings results on Thursday, August 1st.
On average, analysts expect that Globalstar will report full-year earnings of ($0.06) per share for the current financial year. For the next financial year, analysts forecast that the company will report earnings of ($0.04) per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Globalstar.
Globalstar (NASDAQ:GSAT) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $30.08 million during the quarter.
Globalstar stock traded up $0.01 during midday trading on Monday, reaching $0.44. The company’s stock had a trading volume of 23,403 shares, compared to its average volume of 2,058,606. The stock’s 50-day simple moving average is $0.52. Globalstar has a 52-week low of $0.29 and a 52-week high of $0.73.
Globalstar, Inc provides mobile satellite voice and data services worldwide. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services.
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