GlobalFoundries (NASDAQ:GFS) Announces Earnings Results, Misses Estimates By $0.07 EPS

GlobalFoundries (NASDAQ:GFS) issued its quarterly earnings data on Tuesday. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.07), Zacks reports. GlobalFoundries had a return on equity of 6.87% and a net margin of 10.95%. GlobalFoundries updated its Q1 2025 guidance to 0.240-0.340 EPS.

GlobalFoundries Trading Down 1.8 %

GFS opened at $37.74 on Tuesday. The company has a market cap of $20.82 billion, a P/E ratio of 28.16, a PEG ratio of 8.23 and a beta of 1.56. The company has a current ratio of 2.42, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $42.63 and its 200-day moving average is $42.49. GlobalFoundries has a 1-year low of $35.85 and a 1-year high of $61.98.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GFS. UBS Group began coverage on shares of GlobalFoundries in a research report on Wednesday, November 20th. They issued a “neutral” rating and a $47.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on GlobalFoundries from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Citigroup reduced their target price on GlobalFoundries from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Robert W. Baird dropped their price target on GlobalFoundries from $63.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of GlobalFoundries in a research report on Wednesday, November 6th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, GlobalFoundries currently has an average rating of “Hold” and an average target price of $50.21.

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.