From MarketBeat:

Before the market opens on Tuesday, February 13th, GLOBALFOUNDRIES will announce its quarterly earnings. Analysts anticipate earnings of $0.51 per share for the quarter. Last quarter, the company reported $0.47 EPS, exceeding the estimates of $0.42. They also had $1.85 billion in revenue. NASDAQ:GFS opened at $51.57.

Analysts are positive about GLOBALFOUNDRIES, but the company’s stock has dipped by 6.7%. It has a 12-month low of $48.12 and a high of $72.50. The market cap is $28.25 billion, with a PE ratio of 20.22. Debt-to-equity ratio is 0.23.

Several brokerage firms have adjusted their price targets for GLOBALFOUNDRIES. The consensus rating is “Moderate Buy,” with an average target price of $73.41. Institutional investors own 14.76% of the company’s stock.

GLOBALFOUNDRIES Inc operates as a semiconductor foundry worldwide and manufactures semiconductor devices and offers fabrication services.

Investors should consider Wall Street’s top-rated research analysts’ recommendations. Although GLOBALFOUNDRIES currently has a “Moderate Buy” rating, these five other stocks are believed to be better buys, according to top-rated analysts.



Read more: GLOBALFOUNDRIES (GFS) to Release Quarterly Earnings on Tuesday