-$0.02 Earnings Per Share Expected for Globalstar, Inc. (NASDAQ:GSAT) This Quarter

Equities analysts predict that Globalstar, Inc. (NASDAQ:GSAT) will post ($0.02) earnings per share for the current quarter, Zacks reports. Zero analysts have made estimates for Globalstar’s earnings. Globalstar posted earnings of ($0.01) per share in the same quarter last year, which indicates a negative year over year growth rate of 100%. The business is scheduled to report its next quarterly earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Globalstar will report full-year earnings of ($0.06) per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of ($0.04) per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Globalstar.

Globalstar (NASDAQ:GSAT) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. The firm had revenue of $30.08 million for the quarter.

Separately, BidaskClub upgraded shares of Globalstar from a “hold” rating to a “buy” rating in a report on Monday, May 13th.

NASDAQ:GSAT traded down $0.03 during midday trading on Friday, reaching $0.58. 1,133,827 shares of the stock traded hands, compared to its average volume of 2,170,712. Globalstar has a 12 month low of $0.29 and a 12 month high of $0.73.

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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