Why Iridium Communications (IRDM) is a Top Growth Stock for the Long-Term

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market strategies, including daily updates on Zacks Rank and Industry Rank, access to research reports, and stock screens [1][8] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, helping investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - Stocks are rated based on value, growth, and momentum characteristics, with scores ranging from A to F, where A indicates the highest potential for outperformance [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [4][5] Value Score - The Value Score targets investors looking for undervalued stocks, utilizing financial ratios such as P/E, PEG, and Price/Sales to identify attractive investment opportunities [3] Growth Score - The Growth Score emphasizes a company's future earnings potential and financial health, analyzing historical and projected earnings, sales, and cash flow [4] Momentum Score - The Momentum Score is designed for traders who capitalize on price trends, using factors like recent price changes and earnings estimate revisions to identify high-momentum stocks [4] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who want to consider value, growth, and momentum simultaneously [5] Zacks Rank and Performance - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [6][7] Stock Highlight: Iridium Communications (IRDM) - Iridium Communications, a satellite communications company, is currently rated 3 (Hold) with a VGM Score of B, indicating potential for growth [11] - The company is projected to experience a remarkable year-over-year earnings growth of 575% for the current fiscal year, supported by recent upward revisions in earnings estimates [12] - With a solid Zacks Rank and strong Growth and VGM Style Scores, Iridium Communications is recommended for investors seeking growth opportunities [13]