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OFFON

IRIDIUM COMMUNICATIONS INC.

(IRDM)
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Iridium: Q2 Earnings Snapshot

07/20/2021 | 07:35am EDT

MCLEAN, Va. (AP) _ Iridium Communications Inc. (IRDM) on Tuesday reported second-quarter net income of $3.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the McLean, Virginia-based company said it had profit of 3 cents.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The satellite phone company posted revenue of $149.9 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $147.7 million.

Iridium shares have declined 4.5% since the beginning of the year. The stock has climbed 43% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IRDM at https://www.zacks.com/ap/IRDM

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Analyst Recommendations on IRIDIUM COMMUNICATIONS INC.
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Financials (USD)
Sales 2021 602 M - -
Net income 2021 -9,78 M - -
Net Debt 2021 1 361 M - -
P/E ratio 2021 -641x
Yield 2021 -
Capitalization 5 684 M 5 684 M -
EV / Sales 2021 11,7x
EV / Sales 2022 10,7x
Nbr of Employees 519
Free-Float 88,4%
Chart IRIDIUM COMMUNICATIONS INC.
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Iridium Communications Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends IRIDIUM COMMUNICATIONS INC.
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 43,08 $
Average target price 42,40 $
Spread / Average Target -1,58%
EPS Revisions
Managers and Directors
Matthew J. Desch Chief Executive Officer & Director
Thomas J. Fitzpatrick Chief Financial & Administrative Officer, Director
Robert H. Niehaus Chairman
Gregory Pelton Chief Technical Officer
Suzanne E. McBride Chief Operations Officer & Director
Sector and Competitors