GlobalFoundries (GFS) Expected to Announce Earnings on Tuesday

GlobalFoundries (NASDAQ:GFS - Get Free Report) is projected to announce its Q4 2024 earnings results before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. GlobalFoundries has set its Q1 2025 guidance at 0.240-0.340 EPS.Parties that wish to register for the company's conference call can do so using this link.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.07). GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%. On average, analysts expect GlobalFoundries to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

GlobalFoundries Price Performance

GFS stock traded up $3.45 during trading on Wednesday, hitting $43.55. 4,950,342 shares of the stock traded hands, compared to its average volume of 2,093,711. The stock has a market cap of $24.03 billion, a price-to-earnings ratio of 32.50, a P/E/G ratio of 8.23 and a beta of 1.56. GlobalFoundries has a one year low of $35.85 and a one year high of $61.98. The company has a current ratio of 2.42, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a 50 day simple moving average of $42.37 and a 200 day simple moving average of $42.33.

Wall Street Analysts Forecast Growth

GFS has been the topic of several recent analyst reports. Needham & Company LLC raised GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 target price on the stock in a report on Wednesday. Susquehanna reduced their price objective on GlobalFoundries from $50.00 to $48.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 6th. Citigroup lowered their target price on GlobalFoundries from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Wedbush reiterated an "outperform" rating and set a $60.00 price target on shares of GlobalFoundries in a research report on Wednesday. Finally, Morgan Stanley increased their price objective on shares of GlobalFoundries from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $50.00.

GlobalFoundries Company Profile

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.