Earnings Outlook For Iridium Communications

Iridium Communications IRDM is set to give its latest quarterly earnings report on Thursday, 2022-10-20. Here's what investors need to know before the announcement.

Analysts estimate that Iridium Communications will report an earnings per share (EPS) of $0.02.

Iridium Communications bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

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

Stock Performance

Shares of Iridium Communications were trading at $49.38 as of October 18. Over the last 52-week period, shares are up 14.24%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Iridium Communications visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.