GlobalFoundries (NASDAQ:GFS – Get Free Report) will be announcing its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. GlobalFoundries has set its Q3 2024 guidance at 0.280-0.380 EPS.Investors that wish to register for the company’s conference call can do so using this link.
GlobalFoundries (NASDAQ:GFS – Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.28 by $0.10. GlobalFoundries had a net margin of 11.82% and a return on equity of 7.75%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The business’s quarterly revenue was down 11.5% on a year-over-year basis. On average, analysts expect GlobalFoundries to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
GlobalFoundries Stock Down 0.4 %
Shares of NASDAQ:GFS opened at $40.24 on Tuesday. The company has a market capitalization of $22.20 billion, a PE ratio of 24.85, a PEG ratio of 6.35 and a beta of 1.52. GlobalFoundries has a 52 week low of $37.94 and a 52 week high of $62.61. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.59 and a current ratio of 2.22. The company has a 50 day moving average price of $41.34 and a two-hundred day moving average price of $47.00.
Analysts Set New Price Targets
Read Our Latest Analysis on GlobalFoundries
About GlobalFoundries
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.
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