Wall Street brokerages predict that Globalstar, Inc. (NASDAQ:GSAT) will post ($0.02) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Globalstar’s earnings. Globalstar reported earnings of ($0.01) per share in the same quarter last year, which would indicate a negative year over year growth rate of 100%. The company is expected to announce 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 financial year. For the next year, analysts expect that the company will report earnings of ($0.04) per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Globalstar.

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

Separately, BidaskClub upgraded Globalstar from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 25th.

Globalstar stock traded down $0.02 during midday trading on Thursday, reaching $0.52. 1,338,500 shares of the stock traded hands, compared to its average volume of 2,303,787. 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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