Zacks: Brokerages Expect Globalstar, Inc. (GSAT) to Post -$0.02 Earnings Per Share
Wall Street brokerages expect Globalstar, Inc. (NASDAQ:GSAT) to announce ($0.02) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Globalstar’s earnings. Globalstar also reported earnings per share of ($0.02) during the same quarter last year. The company is scheduled to report its next quarterly earnings results on Thursday, May 9th.
On average, analysts expect that Globalstar will report full year earnings of ($0.06) per share for the current fiscal year. For the next year, analysts anticipate that the company will post earnings of ($0.04) per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Globalstar.
Globalstar (NASDAQ:GSAT) last released its earnings results on Thursday, February 28th. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.05). The firm had revenue of $31.95 million for the quarter.
Shares of Globalstar stock remained flat at $$0.41 on Monday. 621,202 shares of the stock were exchanged, compared to its average volume of 2,347,698. Globalstar has a 1 year low of $0.29 and a 1 year high of $0.85.
Globalstar Company Profile
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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