Can Globalstar Inc. (NYSEMKT:GSAT) grow after Earnings?


Globalstar Inc. (NYSEMKT:GSAT) moved down -3.42% and closed its last trading session at $1.41. This Computer and Technology Sector stock currently has the Market Capitalization of 1.41 Billion. The Average Volume for the stock is measured as 9.17 Million. The Stock has a 52-Week High of $3 and 52-Week Low of $0.63 following the dates, it touched its 52-Week High on May 16, 2016 and 52-Week Low on Jun 3, 2016. Currently, the Return on Assets value for the trailing twelve months is -3.6% with the Return on Equity and Return on Investment of -17.5% and -8.6% respectively. This firm currently has YTD (year to date) performance of -10.76 Percent which is not good. The Short Ratio for the stock is 9.61.

Globalstar Inc. (NYSEMKT:GSAT) Price to Earnings (P/E) ratio is 0. EPS or Earning per Share stands at $-0.04. The TTM operating margin is -66 percent.

Globalstar Inc. (NYSEMKT:GSAT) reports its Earnings on Thu 23 Feb (In 7 Days). The estimated EPS for the current quarter is said to be $. Following Earnings result, share price were UP 4 times out of last 7 Qtrs. The stock has added about 82.5% since it reported its last earnings. The Closing price of Globalstar Inc. (NYSEMKT:GSAT) at Last Earnings was $0.8 as compared to the previous closing price of $1.46. The Predicted Move on the 7th day after Globalstar Inc. (NYSEMKT:GSAT) will release its earnings at about 5%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Globalstar Inc. (NYSEMKT:GSAT) beats earnings by 0%, The Stock Missed EarningsĀ  1 times and has met earningsĀ  0 times.

Earnings History:

We will discuss the past Quarters Earnings below:

Globalstar Inc. (NYSEMKT:GSAT) reported its previous quarter on 11/03/2016 where it reported the Actual Earnings of $0. The Closing price before the company posted its earnings was $0.8. The Stock surged on the very next day of earnings and maintained its stock price at $0.83 by showing a % change of 3.75 percent from its previous closing price. The Next Day Volume after Earnings was reported as 6.53 Million. On the 7th day After Earnings Report, the stock hit its share price as $0.86 by showing 7.5% increase from the Stock price Before Earnings were reported.

On 08/04/2016, the stock reported the EPS of $0.01 where Analysts were projecting the EPS to be $-0.02 showing a difference of $0.03. Thus Surprise Factor was there with 150 percent. Before Earnings Announcement on 08/04/2016, the firm had its stock price of $1.2. And immediately on the next day after earnings announcement, the stock declined 0% and closed its trading session at $1.2. On 7th Day after earnings release, Globalstar Inc. (NYSEMKT:GSAT) dropped to -2.5% from $1.2 to $1.17.

On 05/05/2016, Analysts were suspecting EPS of $-0.03/share where Globalstar Inc. (NYSEMKT:GSAT) reported its Actual EPS of $-0.03. Thus showing a Surprise of 0 percent. The Closing Price of the stock before earnings was $1.84 while on the Next day the stock closed its trading session at $1.76 with a percentage change of -4.35% from the price of 1.84 before Earnings. The Stock Closing Price on the 7th day of earnings was $1.81.

Company Profile:

Globalstar, Inc. provides mobile voice and data communications services through satellite 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. It also provides SPOT products, such as SPOT satellite GPS messenger for personal tracking, emergency location, and messaging solutions; SPOT Global phone; and SPOT Trace, an anti-theft and asset tracking device. In addition, the company offers commercial Simplex one-way transmission products to track cargo containers and rail cars, to monitor utility meters, to monitor oil and gas assets, and other applications. Further, it provides engineering services, such as hardware and software designs to develop specific applications; and installation of gateways and antennas. The company primarily serves recreation and personal; government; public safety and disaster relief; oil and gas; maritime and fishing; natural resources, mining, and forestry; construction; utilities; and transportation markets. Globalstar, Inc. distributes its products directly, as well as through independent agents, dealers and resellers, independent gateway operators, and its sales force and e-commerce Website. As of December 31, 2015, it served approximately 688,000 subscribers. The company has a collaboration agreement with Carmanah to design and manufacture solar powered M2M satellite solutions. The company was founded in 2003 and is headquartered in Covington, Louisiana. Globalstar, Inc. is a subsidiary of Thermo Funding II LLC.