Q1 Earnings Forecast for GlobalFoundries Issued By Wedbush

GlobalFoundries Inc. (NASDAQ:GFS - Free Report) - Wedbush cut their Q1 2025 earnings per share (EPS) estimates for shares of GlobalFoundries in a report issued on Tuesday, January 14th. Wedbush analyst M. Bryson now expects that the company will post earnings of $0.17 per share for the quarter, down from their previous estimate of $0.23. Wedbush has a "Outperform" rating and a $60.00 price target on the stock. The consensus estimate for GlobalFoundries' current full-year earnings is $1.22 per share. Wedbush also issued estimates for GlobalFoundries' Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.36 EPS and Q4 2025 earnings at $0.45 EPS.

Several other equities research analysts have also recently issued reports on the company. Susquehanna lowered their price objective on GlobalFoundries from $50.00 to $48.00 and set a "neutral" rating on the stock in a report on Wednesday, November 6th. Evercore ISI decreased their target price on shares of GlobalFoundries from $71.00 to $55.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. Citigroup decreased their target price on shares of GlobalFoundries from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of GlobalFoundries from $55.00 to $50.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $40.00 target price on shares of GlobalFoundries in a research note on Wednesday, November 6th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $50.21.

GlobalFoundries Price Performance

GFS stock traded up $0.67 during trading on Wednesday, hitting $41.84. The stock had a trading volume of 1,212,820 shares, compared to its average volume of 1,256,047. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.42 and a quick ratio of 1.76. GlobalFoundries has a twelve month low of $35.85 and a twelve month high of $61.98. The stock has a market capitalization of $23.09 billion, a P/E ratio of 31.22, a PEG ratio of 10.71 and a beta of 1.57. The company's 50-day moving average price is $43.28 and its two-hundred day moving average price is $44.07.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.08. GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%. The company had revenue of $1.74 billion for the quarter, compared to analysts' expectations of $1.73 billion. During the same period in the previous year, the firm posted $0.47 EPS. GlobalFoundries's revenue was down 6.1% compared to the same quarter last year.

Institutional Trading of GlobalFoundries

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of GlobalFoundries during the 3rd quarter valued at approximately $34,000. US Bancorp DE increased its holdings in GlobalFoundries by 77.0% in the 3rd quarter. US Bancorp DE now owns 1,218 shares of the company's stock valued at $49,000 after purchasing an additional 530 shares during the last quarter. AM Squared Ltd acquired a new stake in GlobalFoundries in the 3rd quarter valued at approximately $60,000. Advisors Asset Management Inc. increased its holdings in GlobalFoundries by 41.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,593 shares of the company's stock valued at $64,000 after purchasing an additional 463 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in GlobalFoundries in the 3rd quarter valued at approximately $66,000.

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.