Earnings To Watch: Globalstar (GSAT) Reports Q1 Results Tomorrow

May 07, 2025 at 03:01 AM EDT

GSAT Cover Image

Satellite communications provider Globalstar (NASDAQ: GSAT) will be reporting earnings tomorrow after market close. Here’s what you need to know.

Globalstar beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $61.18 million, up 16.7% year on year. It was a mixed quarter for the company, with full-year revenue guidance beating analysts’ expectations but a significant miss of analysts’ EPS estimates.

Is Globalstar a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Globalstar’s revenue to grow 13% year on year to $63.83 million, a reversal from the 3.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.07 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Globalstar has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 8% on average.

Looking at Globalstar’s peers in the telecommunication services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Iridium delivered year-on-year revenue growth of 5.4%, beating analysts’ expectations by 0.7%, and Lumen reported a revenue decline of 3.3%, topping estimates by 1.9%. Iridium traded down 7.1% following the results while Lumen was up 7.1%.

Read our full analysis of Iridium’s results here and Lumen’s results here.

There has been positive sentiment among investors in the telecommunication services segment, with share prices up 14.2% on average over the last month. Globalstar is up 7% during the same time and is heading into earnings with an average analyst price target of $52.50 (compared to the current share price of $19.75).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

Symbol

Price

Change (%)

AMZN

213.04

-1.43 (-0.67%)

AAPL

252.29

+4.84 (1.96%)

AMD

233.08

-1.48 (-0.63%)

BAC

51.28

+0.84 (1.67%)

GOOG

253.79

+1.91 (0.76%)

About Us

Additional Information

Website & Technical Help

Earnings To Watch: Globalstar (GSAT) Reports Q1 Results Tomorrow

More News

Recent Quotes