Globalstar (GSAT) Reports Q1 Loss, Lags Revenue Estimates

Core Viewpoint - Globalstar reported a quarterly loss of $0.10 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.07, marking an earnings surprise of -42.86% [1] Financial Performance - The company posted revenues of $60.03 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 3.92%, but showing an increase from $56.48 million year-over-year [2] - Over the last four quarters, Globalstar has not surpassed consensus EPS estimates, although it has topped consensus revenue estimates three times [2] Stock Performance - Globalstar shares have declined approximately 35.2% since the beginning of the year, contrasting with the S&P 500's decline of -4.3% [3] Future Outlook - The company's earnings outlook will be crucial for stock performance, with current consensus EPS estimates at -$0.06 for the coming quarter and -$0.20 for the current fiscal year, alongside expected revenues of $65.3 million and $268.55 million respectively [7] - The Zacks Rank for Globalstar is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Satellite and Communication industry is currently ranked in the bottom 37% of over 250 Zacks industries, suggesting that the industry's outlook could significantly impact Globalstar's stock performance [8]