Stock Analysis
- United States
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- Telecom Services and Carriers
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- NasdaqGS:IRDM
Iridium Communications First Quarter 2024 Earnings: Beats Expectations
Iridium Communications (NASDAQ:IRDM) First Quarter 2024 Results
Key Financial Results
- Revenue: US$203.9m (flat on 1Q 2023).
- Net income: US$19.7m (up 101% from 1Q 2023).
- Profit margin: 9.6% (up from 4.8% in 1Q 2023).
- EPS: US$0.16 (up from US$0.077 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Iridium Communications Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%.
Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in the US.
Performance of the American Telecom industry.
The company's shares are up 1.4% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 3 warning signs for Iridium Communications (of which 1 doesn't sit too well with us!) you should know about.
Valuation is complex, but we're helping make it simple.
Find out whether Iridium Communications is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NasdaqGS:IRDM
Iridium Communications
Iridium Communications Inc. provides mobile voice and data communications services and products to businesses, the United States and international governments, non-governmental organizations, and consumers worldwide.
Reasonable growth potential with proven track record.