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OFFON

IRIDIUM COMMUNICATIONS INC.

(IRDM)
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Iridium: Q3 Earnings Snapshot

10/19/2021 | 07:15am EST

MCLEAN, Va. (AP) _ Iridium Communications Inc. (IRDM) on Tuesday reported a loss of $2.1 million in its third quarter.

On a per-share basis, the McLean, Virginia-based company said it had a loss of 2 cents.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 2 cents per share.

The satellite phone company posted revenue of $162.2 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $155.4 million.

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 610 M - -
Net income 2021 -9,12 M - -
Net Debt 2021 1 305 M - -
P/E ratio 2021 -612x
Yield 2021 -
Capitalization 5 141 M 5 141 M -
EV / Sales 2021 10,6x
EV / Sales 2022 9,68x
Nbr of Employees 519
Free-Float 88,4%
Chart IRIDIUM COMMUNICATIONS INC.
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Technical analysis trends IRIDIUM COMMUNICATIONS INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 38,89 $
Average target price 48,60 $
Spread / Average Target 25,0%
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