A Look Ahead: Iridium Comms's Earnings Forecast

Iridium Comms (NASDAQ:IRDM) will release its quarterly earnings report on Thursday, 2024-10-17. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Iridium Comms to report an earnings per share (EPS) of $0.20.

The market awaits Iridium Comms's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Overview of Past Earnings

Last quarter the company beat EPS by $0.10, which was followed by a 4.82% drop in the share price the next day.

Here's a look at Iridium Comms's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.17

0.15

0.03

0.03

EPS Actual

0.27

0.16

0.30

-0.01

Price Change %

-5.0%

5.0%

-1.0%

-3.0%

Iridium Comms Share Price Analysis

Shares of Iridium Comms were trading at $30.07 as of October 15. Over the last 52-week period, shares are down 24.22%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Insights Shared by Analysts on Iridium Comms

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Iridium Comms.

Analysts have provided Iridium Comms with 2 ratings, resulting in a consensus rating of Neutral. The average one-year price ...