Zacks: Analysts Anticipate Globalstar, Inc. (NYSE:GSAT) Will Announce Earnings of -$0.01 Per Share

Brokerages predict that Globalstar, Inc. (NYSE:GSATGet Rating) will report ($0.01) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Globalstar’s earnings. Globalstar also reported earnings of ($0.01) per share during the same quarter last year. The business is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Globalstar will report full year earnings of ($0.05) per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post earnings of ($0.06) per share. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Globalstar.

Separately, StockNews.com raised shares of Globalstar from a “sell” rating to a “hold” rating in a research report on Wednesday.

NYSE:GSAT opened at $1.16 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.12 and a debt-to-equity ratio of 0.65. Globalstar has a fifty-two week low of $0.90 and a fifty-two week high of $2.78.

Globalstar Company Profile (Get Rating)

Globalstar, Inc provides mobile satellite 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 usage, safety, emergency preparedness and response, and other applications; fixed voice and data satellite communications services and equipment at industrial, commercial, and residential sites, as well as rural villages and ships; and data modem services and equipment.

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