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)
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