For its second fiscal quarter (ending June 30), Iridium Communications Inc (NASDAQ: IRDM) has reported E.P.S. of $0.27 compared to $-0.24 a year ago. This performance was $0.05 better than the consensus estimate of $0.22. E.P.S. were $0.72 for the latest four quarters through June 30 versus $-0.16 for the same period a year ago.
Recent Price Action
Iridium Communications Inc (NASDAQ: IRDM) stock closed at $27.80 on 7/23/24 after a very large increase of 7.3%. Moreover, this advance was accompanied by exceptionally high trading volume at 200% of normal. The stock has risen 7.8% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
IRDM’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Iridium Communications has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Iridium Communications has a poor Appreciation Score of 15 and a very low Power Rating of 1, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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