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

GlobalFoundries (NASDAQ:GFS) posted its quarterly earnings data on Tuesday. The company reported $0.38 earnings per share (EPS) 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 Up 8.6 %

Shares of GFS stock opened at $43.55 on Thursday. The company has a market capitalization of $24.03 billion, a P/E ratio of 32.50, a P/E/G ratio of 8.23 and a beta of 1.56. GlobalFoundries has a 12-month low of $35.85 and a 12-month high of $61.98. The company has a quick ratio of 1.76, a current ratio of 2.42 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $42.37 and a 200 day moving average price of $42.33.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GFS shares. Citigroup reduced their price objective on GlobalFoundries from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. UBS Group dropped their price objective on shares of GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday. Wedbush reiterated an “outperform” rating and issued a $60.00 target price on shares of GlobalFoundries in a research note on Wednesday. Needham & Company LLC upgraded GlobalFoundries from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday. Finally, Morgan Stanley raised their price objective on GlobalFoundries from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $50.00.

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.