Our proven model does not conclusively predict an earnings beat for Iridium for the to-be-reported quarter, as it does not have the right combination of the two key ingredients. Iridium Communications Inc price-eps-surprise | Iridium Communications Inc Quote Earnings Whispers Iridium Communications Inc Price and EPS Surprise Over the trailing four quarters, the company surpassed estimates on all occasions, with the average surprise being 109.4%. The top line surpassed the consensus mark by 7.6%. The upside can be attributed to strength in subscriber equipment sales and higher service revenues. Quarterly revenues of $168.2 million, increasing 15% from the year-ago quarter’s levels. The company reported a loss of 4 cents in the prior-year quarter. The company delivered earnings of 2 cents per share, beating the Zacks Consensus Estimate of a loss of 1 cent. This U.S.-based satellite communications company posted solid results in the last reported quarter. The consensus estimate for revenues is pegged at $164.1 million, suggesting year-over-year growth of 9.5%. In the year-ago quarter, the company had reported earnings of 3 cents per share. The Zacks Consensus Estimate for the quarter’s bottom line is pegged at breakeven, unchanged in the past 30 days.
IRIDIUM CERTUS FREE
Iridium Communications ( IRDM Quick Quote IRDM - Free Report) is slated to release second-quarter 2022 results on Jul 26, before market open.
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