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The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Therefore, the Zacks rating upgrade for Iridium basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. The change in a company's future earnings potential, as reflected in earnings estimate r ...

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2024 Guidance Reiterated The company expects cash taxes to remain below $10 million annually through 2026. It aims to reduce net leverage below 4.0 times OEBITDA through 2026 and eventually below 2.0 times by the end of the decade. Iridium currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. BlackBerry's (BB) reported first-quarter fiscal 2025 adjusted adjusted loss per share of 3 cents, narrower than the company's estimate of a loss of 4 ...

Iridium Communications, Inc. (NASDAQ:IRDM) Q2 2024 Earnings Conference Call July 23, 2024 8:30 AM ET Company Participants Kenneth Levy - Vice President of Investor Relations Matthew Desch - Chief Executive Officer Thomas Fitzpatrick - Chief Financial Officer Conference Call Participants Ric Prentiss - Raymond James Simon Flannery - Morgan Stanley Hamed Khorsand - BWS Financial Chris Quilty - Quilty Space Mathieu Robilliard - Barclays Bryce Sandberg - William Blair Operator Good morning and welcome to the Ir ...

Iridium Communications (IRDM 11.27%) stock soared 11.1% through 12:05 p.m. ET Tuesday after the company reported a big earnings beat despite missing slightly on sales this morning. Iridium earnings were terrific, not only beating estimates but reversing the company's year-ago loss of $0.24 per share. True, the company explained that "net income primarily benefited from a year-over-year decrease in depreciation expense associated with the extension of the estimated useful lives of the Company's satellites an ...

This quarterly report represents an earnings surprise of 42.11%. A quarter ago, it was expected that this satellite phone company would post earnings of $0.16 per share when it actually produced earnings of $0.16, delivering no surprise. Iridium, which belongs to the Zacks Satellite and Communication industry, posted revenues of $201.07 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $193.11 million. The company has topped cons ...

• geographic market expansion through the ability to offer our services in additional countries. Nonetheless, we face a number of challenges and uncertainties in operating our business, including: 21 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------|-------|---------|-------------------------------|-------|---------------|------------------|----------------------------------------|--------------------------------------- ...

FOR RELEASE Tuesday, July 23, 2024 Investor Contact: Press Contact: Kenneth Levy Iridium Communications Inc. +1 (703) 287-7570 ken.levy@iridium.com Jordan Hassin Iridium Communications Inc. +1 (703) 287-7421 jordan.hassin@iridium.com Iridium Announces Second-Quarter 2024 Results MCLEAN, Va. – July 23, 2024 – Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the second quarter of 2024 and reiterate ...

SOURCE Iridium Communications Inc. Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations, and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. In 2024, Iridium acquired Satelles, Inc. and announced the Iridium Satellite Time and Loca ...