GlobalFoundries (GFS) Projected to Post Earnings on Tuesday

GlobalFoundries (NASDAQ:GFS) is expected to be releasing its Q1 2025 earnings data before the market opens on Tuesday, May 6th. Analysts expect GlobalFoundries to post earnings of $0.28 per share for the quarter. GlobalFoundries has set its Q1 2025 guidance at 0.240-0.340 EPS.

GlobalFoundries (NASDAQ:GFS) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). GlobalFoundries had a negative net margin of 3.93% and a positive return on equity of 6.05%. On average, analysts expect GlobalFoundries to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

GlobalFoundries Stock Performance

NASDAQ:GFS opened at $35.23 on Tuesday. The stock has a 50-day simple moving average of $36.47 and a two-hundred day simple moving average of $40.16. GlobalFoundries has a 52-week low of $29.77 and a 52-week high of $61.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 2.11. The firm has a market capitalization of $19.48 billion, a PE ratio of -73.39, a P/E/G ratio of 1.42 and a beta of 1.54.

Analysts Set New Price Targets

GFS has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on GlobalFoundries from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. UBS Group dropped their price objective on GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Needham & Company LLC raised GlobalFoundries from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Wednesday, February 12th. Wedbush reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of GlobalFoundries in a research note on Wednesday, February 12th. Finally, Citigroup dropped their price objective on GlobalFoundries from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, GlobalFoundries presently has an average rating of “Moderate Buy” and an average price target of $48.85.

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.