Globalstar (GSAT) To Report Earnings Tomorrow: Here Is What To Expect

Satellite communications provider Globalstar (NASDAQ:GSAT) will be announcing earnings results this Friday before market open. Here’s what investors should know.

Globalstar beat analysts’ revenue expectations last quarter, reporting revenues of $73.85 million, up 2.1% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ revenue estimates.

This quarter, the market is expecting Globalstar’s revenue to grow 15.5% year on year, slowing from the 16.7% increase it recorded in the same quarter last year.

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 rarely misses Wall Street’s revenue estimates.

Looking at Globalstar’s peers in the telecommunication services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Viasat delivered year-on-year revenue growth of 3%, missing analysts’ expectations by 1%, and Iridium reported flat revenue, falling short of estimates by 3.2%. Viasat traded up 11.4% following the results while Iridium was also up 25.5%.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the telecommunication services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7.1% on average over the last month. Globalstar’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $65.67 (compared to the current share price of $63.60).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares.