Factors to Note Ahead of Iridium (IRDM) Q2 Earnings Release

Iridium Communications (IRDM) is slated to release second-quarter 2024 results on Jul 23. IRDM's earnings beat the Zacks Consensus Estimate in one of the trailing four quarters while missing in two quarters. It matched the estimate in the remaining quarter with the average earnings surprise being a negative 33.3%. Iridium's second-quarter performance is likely to have gained momentum in the Service segment's revenues and increasing subscriber base. Service revenues contributed 73% to total revenues in the f ...