Note: These figures reflect diluted GAAP earnings per share, reported before non-recurring items, and may differ from the non-GAAP figures used by some sources.

Part 2.1: Price Behavior Around Earnings

Globalstar typically reports earnings before market open, meaning Day 0 reflects the first full trading session where the market reacts to results, and Day +1 captures follow-through.

Globalstar's post-earnings price action has been volatile and unpredictable. The average absolute Day 0 move is 2.71%, with an average range of 5.32%, while Day +1 shows even larger swings—an average absolute move of 4.59% and a range of 8.11%.

Recent quarters illustrate the volatility: In February 2026, the stock surged +7.58% on Day 0 with a 13.82% range, likely reflecting optimism around the pending Amazon deal. However, the August 2026 and May 2026 reports produced much smaller Day 0 moves (-0.25% and -0.60%, respectively), followed by modest Day +1 reactions. Earlier in 2025, the stock saw dramatic swings, including a -5.63% Day 0 drop in November 2025 followed by a +4.62% Day +1 rebound, and a +13.07% Day +1 surge in August 2025.

The takeaway: investors should expect meaningful price movement around this release, with historical data suggesting a potential swing of 5% to 8% is well within normal range. The direction will likely hinge on whether results and commentary support or undermine confidence in the Amazon deal closing on schedule.

Part 2.2: Options Market Expected Move

The options market is pricing a 1.00% expected move for the November 20 expiration, implying a range of $83.73 to $85.43. This is significantly more subdued than Globalstar's historical earnings volatility, which averages 2.71% on Day 0 and 4.59% on Day +1. The muted options pricing likely reflects the Amazon acquisition capping upside near $90, reducing the incentive for large directional bets. However, if results or deal commentary surprise, historical patterns suggest the actual move could easily exceed the options-implied range.

Part 3: What Analysts Are Saying

Analyst sentiment on Globalstar is cautiously constructive, with the consensus rating at 3.40 (between Hold and Buy) based on 5 analysts. The breakdown includes 1 Strong Buy, 4 Holds, and 0 Sells. One month ago, the consensus was slightly more bearish at 3.00, with 1 Strong Buy, 3 Holds, and 1 Strong Sell, indicating sentiment has improved as one analyst upgraded from Strong Sell to Hold.

The average price target is $90.00, with both the high and low estimates also at $90.00, reflecting unanimous agreement that the Amazon deal price represents fair value. This implies +6.4% upside from the current price of $84.58, though the tight clustering around $90 suggests analysts view the stock as a deal arbitrage play rather than a standalone growth story.

The improved sentiment trend reflects reduced deal risk following FCC approval in October 2026 and operational progress including satellite launches and ground station expansion. However, the Hold-heavy rating mix and price target ceiling at the deal price underscore analyst caution: the investment case is now anchored to deal closure probability, not business fundamentals or re-rating potential. As one analyst noted, "the Amazon deal caps upside near $90," shifting focus from growth to execution risk.

Part 4: Technical Picture

Globalstar is set up strongly from a technical perspective heading into earnings. The Barchart Technical Opinion currently stands at 100% Buy, unchanged from one week ago and one month ago, reflecting sustained bullish momentum.

• Short-term (100% Buy): Strong buy signal indicates near-term momentum is firmly positive, with the stock trading above all key moving averages.
• Medium-term (100% Buy): Continued strength in the intermediate timeframe suggests the uptrend remains intact with no signs of consolidation.
• Long-term (100% Buy): The longer-term trend is equally bullish, reflecting the stock's powerful multi-month rally.

Trend Characteristics: The signal strength is rated Average with direction Strengthening, suggesting the technical setup is supportive but not overextended, with momentum continuing to build heading into the earnings release.

The stock is trading above all major moving averages: the 5-day ($83.42), 10-day ($83.29), 20-day ($83.17), 50-day ($82.71), 100-day ($81.88), and 200-day ($76.32). This alignment confirms a well-established uptrend with no nearby resistance from moving averages.

The technical picture is unambiguously bullish, with the stock trading above all moving averages and maintaining a 100% Buy signal across all timeframes. The +10.8% gain above the 200-day moving average reflects the stock's powerful rally since the Amazon deal announcement in April. However, with the stock at $84.58 and the deal price at $90, there is limited technical upside before hitting the acquisition ceiling. The setup is supportive heading into earnings, but the real risk is whether any negative surprise—particularly around deal timing or profitability—could trigger a sharp reversal given the stock's proximity to the deal price and lack of downside support beyond the moving averages.