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

Equities analysts expect Globalstar, Inc. (NASDAQ:GSAT) to report ($0.02) earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Globalstar’s earnings. Globalstar also posted earnings per share of ($0.02) during the same quarter last year. The business is expected to announce its next earnings results on Thursday, November 7th.

According to Zacks, analysts expect that Globalstar will report full year earnings of ($0.04) per share for the current fiscal year. For the next financial year, analysts forecast that the business will post earnings of ($0.05) per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Globalstar.

Separately, BidaskClub downgraded Globalstar from a “hold” rating to a “sell” rating in a research report on Friday, July 12th.

Globalstar stock remained flat at $$0.40 during mid-day trading on Thursday. 356,148 shares of the company’s stock traded hands, compared to its average volume of 1,904,554. Globalstar has a 52-week low of $0.29 and a 52-week high of $0.73. The business has a fifty day moving average price of $0.43 and a 200 day moving average price of $0.49.

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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