Iridium Comms's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Iridium Comms (NASDAQ:IRDM) is set to release its quarterly earnings report on October 19, 2023. Analysts estimate an earnings per share (EPS) of $0.03. The company's past performance shows a pattern of EPS misses and subsequent share price increases. The stock is currently trading at $44.06, down 5.85% over the last 52-week period.
October 18, 2023 | 3:00 pm
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NEUTRAL IMPACT
Iridium Comms is expected to report an EPS of $0.03 in its upcoming earnings report. Despite past EPS misses, the company's share price has typically increased. However, the stock is down 5.85% over the last 52 weeks.
The upcoming earnings report is highly relevant to Iridium Comms' stock. While the company has a history of missing EPS estimates, this has typically been followed by an increase in share price. However, the overall downward trend of the stock over the past year may temper any potential gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100