Does Earnings Surprise History Hold Any Clue for Iridium Communications (NASDAQ:IRDM)

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Earnings results for Iridium Communications (NASDAQ:IRDM)

Iridium Communications last posted its quarterly earnings data on July 19th, 2021. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. The company earned $149.92 million during the quarter, compared to the consensus estimate of $148.53 million. Its revenue was up 7.0% on a year-over-year basis. Iridium Communications has generated ($0.24) earnings per share over the last year (($0.10) diluted earnings per share). Earnings for Iridium Communications are expected to grow in the coming year, from ($0.10) to $0.09 per share. Iridium Communications has confirmed that its next quarterly earnings report will be published on Tuesday, October 19th, 2021. Iridium Communications will be holding an earnings conference call on Tuesday, October 19th at 8:30 AM Eastern. Interested parties can .

Analyst Opinion on Iridium Communications (NASDAQ:IRDM)

According to the issued ratings of 5 analysts in the last year, the consensus rating for Iridium Communications stock is Hold based on the current 3 hold ratings and 2 buy ratings for IRDM. The average twelve-month price target for Iridium Communications is $42.75 with a high price target of $50.00 and a low price target of $37.00.
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on IRDM’s analyst rating history

Iridium Communications has received a consensus rating of Hold. The company’s average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $42.75, Iridium Communications has a forecasted upside of 9.0% from its current price of $39.23. Iridium Communications has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Iridium Communications (NASDAQ:IRDM)

Iridium Communications does not currently pay a dividend. Iridium Communications does not have a long track record of dividend growth.

Insiders buying/selling: Iridium Communications (NASDAQ:IRDM)

In the past three months, Iridium Communications insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,662,222.00 in company stock. Only 2.50% of the stock of Iridium Communications is held by insiders. 84.51% of the stock of Iridium Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Iridium Communications (NASDAQ:IRDM

Earnings for Iridium Communications are expected to grow in the coming year, from ($0.10) to $0.09 per share. The P/E ratio of Iridium Communications is -392.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Iridium Communications is -392.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Iridium Communications has a P/B Ratio of 3.68. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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