Iridium (IRDM) Upgraded to Strong Buy: What Does It Mean for the Stock?

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 ...