Zacks Research Analysts Reduce Earnings Estimates for IRDM

Key Points

• Zacks Research cut its Q1 2026 EPS estimate for Iridium to $0.27 (from $0.28) and now forecasts FY2026 EPS of $0.99, FY2027 EPS of $1.16 and FY2028 EPS of $1.68.
• In the latest quarter Iridium posted $0.24 EPS (beating the $0.23 consensus) but revenue of $212.94M missed the $219.14M estimate and EPS declined from $0.32 a year earlier.
• Shares opened at $23.95 (down about 2.3%), the consensus analyst rating is Hold with a $25.40 target, and the company has a market cap of roughly $2.51 billion and a P/E near 22.6.

Iridium Communications Inc (NASDAQ:IRDM - Free Report) - Equities researchers at Zacks Research decreased their Q1 2026 earnings per share (EPS) estimates for Iridium Communications in a report released on Thursday, March 5th. Zacks Research analyst Team now anticipates that the technology company will earn $0.27 per share for the quarter, down from their previous estimate of $0.28. The consensus estimate for Iridium Communications' current full-year earnings is $0.89 per share. Zacks Research also issued estimates for Iridium Communications' Q2 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.26 EPS, FY2026 earnings at $0.99 EPS, Q1 2027 earnings at $0.29 EPS, Q2 2027 earnings at $0.26 EPS, Q3 2027 earnings at $0.30 EPS, Q4 2027 earnings at $0.31 EPS, FY2027 earnings at $1.16 EPS and FY2028 earnings at $1.68 EPS.

Iridium Communications (NASDAQ:IRDM - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The technology company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. Iridium Communications had a net margin of 13.12% and a return on equity of 24.01%. The firm had revenue of $212.94 million during the quarter, compared to the consensus estimate of $219.14 million. During the same quarter in the prior year, the firm earned $0.32 EPS. Iridium Communications's revenue for the quarter was up .0% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley boosted their target price on Iridium Communications from $24.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 18th. BWS Financial restated a "sell" rating and issued a $16.00 price target on shares of Iridium Communications in a report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Iridium Communications in a report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $25.40.

Iridium Communications Trading Down 2.3%

Shares of Iridium Communications stock opened at $23.95 on Friday. The company has a quick ratio of 1.82, a current ratio of 2.48 and a debt-to-equity ratio of 3.80. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 1.68 and a beta of 0.60. Iridium Communications has a 52-week low of $15.65 and a 52-week high of $33.34. The company's 50-day simple moving average is $20.65 and its 200-day simple moving average is $19.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its holdings in shares of Iridium Communications by 107.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,430 shares of the technology company's stock worth $25,000 after purchasing an additional 741 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Iridium Communications by 184.7% during the third quarter. Hantz Financial Services Inc. now owns 1,506 shares of the technology company's stock worth $26,000 after buying an additional 977 shares during the period. Larson Financial Group LLC boosted its stake in Iridium Communications by 392.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,508 shares of the technology company's stock worth $26,000 after buying an additional 1,202 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Iridium Communications in the 4th quarter valued at about $27,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in Iridium Communications in the 3rd quarter valued at about $32,000. 84.36% of the stock is currently owned by institutional investors and hedge funds.

About Iridium Communications

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company's unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium's core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).

Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.

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