Zacks: Brokerages Expect Globalstar, Inc. (NASDAQ:GSAT) Will Announce Earnings of -$0.02 Per Share

Brokerages expect Globalstar, Inc. (NASDAQ:GSAT) to report earnings per share of ($0.02) for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Globalstar’s earnings. Globalstar reported earnings per share of ($0.01) during the same quarter last year, which indicates a negative year-over-year growth rate of 100%. The company is expected to issue its next 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 financial year, analysts forecast that the business will post earnings of ($0.04) per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Globalstar.

Globalstar (NASDAQ:GSAT) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $30.08 million during the quarter.

Separately, BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday.

Shares of GSAT stock remained flat at $$0.43 during trading hours on Monday. 1,099,293 shares of the stock were exchanged, compared to its average volume of 2,058,606. The company has a 50 day moving average price of $0.52. Globalstar has a 52-week low of $0.29 and a 52-week high of $0.73.

About Globalstar

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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