GlobalFoundries (NASDAQ:GFS – Get Free Report) updated its first quarter 2025 earnings guidance on Tuesday. The company provided EPS guidance of 0.240-0.340 for the period, compared to the consensus EPS estimate of 0.330. The company issued revenue guidance of $1.6 billion-$1.6 billion, compared to the consensus revenue estimate of $1.7 billion.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Evercore ISI lowered their target price on GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Morgan Stanley upped their price target on GlobalFoundries from $40.00 to $42.00 and gave the stock an “equal weight” rating 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. Deutsche Bank Aktiengesellschaft cut their price target on GlobalFoundries from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, UBS Group cut their price target on GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $50.00.
View Our Latest Stock Report on GlobalFoundries
GlobalFoundries Trading Up 8.6 %
GlobalFoundries (NASDAQ:GFS – Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). GlobalFoundries had a net margin of 10.95% and a return on equity of 6.87%. On average, analysts predict that GlobalFoundries will post 1.22 EPS for the current fiscal year.
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.
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