GlobalFoundries Inc <GFS.OQ> expected to post earnings of 28 cents a share - Earnings Preview

• GlobalFoundries Inc GFS.OQ GFS.O is expected to show a rise in quarterly revenue when it reports results on May 6 for the period ending March 31 2025

• The Malta New York-based company is expected to report a 1.9% increase in revenue to $1.579 billion from $1.55 billion a year ago, according to the mean estimate from 14 analysts, based on LSEG data.The company's guidance on February 11 2025, for the period ended March 31, was for revenue between $1.55 billion and $1.60 billion.

• ​LSEG's mean analyst estimate for GlobalFoundries Inc is for earnings of 28 cents per share. The company's EPS guidance on February 11 2025, for the period ended March 31, was between $0.24 and $0.34

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell."

• The mean earnings estimate of analysts was unchanged in the last three months. ​

• Wall Street's median 12-month price target for GlobalFoundries Inc is $46.50​, above​ its last closing price of $35.18. ​​​

The company's guidance on February 11 2025 for the period ended March 31 was for Earnings before Interest and Taxes between USD151 million and USD214 million.The company's guidance on February 11 2025 for the period ended March 31 was for gross profit margin of USD23%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

This summary was machine generated May 2 at 13:22 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)