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

GlobalFoundries (NASDAQ:GFS) posted its quarterly earnings results on Tuesday. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates 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 %

NASDAQ GFS opened at $37.74 on Tuesday. The business’s 50-day moving average price is $42.63 and its two-hundred day moving average price is $42.49. GlobalFoundries has a 12 month low of $35.85 and a 12 month high of $61.98. The firm has a market capitalization of $20.82 billion, a PE ratio of 28.16, a price-to-earnings-growth 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.

Analyst Ratings Changes

A number of equities analysts have recently commented on GFS shares. Needham & Company LLC reissued a “hold” rating on shares of GlobalFoundries in a report on Wednesday, November 6th. UBS Group started coverage on GlobalFoundries in a report on Wednesday, November 20th. They set a “neutral” rating and a $47.00 price target for the company. Wedbush reissued an “outperform” rating and set a $60.00 price target (down previously from $65.00) on shares of GlobalFoundries in a report on Tuesday, November 5th. Evercore ISI lowered their price target on GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, Citigroup lowered their target price on GlobalFoundries from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, GlobalFoundries presently 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.