Factors to Note Ahead of Iridium's (IRDM) Q1 Earnings Release

Iridium Communications (IRDM) is slated to release first-quarter 2024 results on Apr 18, before market open.The Zacks Consensus Estimate for earnings per share (EPS) is pegged at 16 cents, unchanged in the past 30 days. In the year-ago quarter, the company reported EPS of 8 cents. The consensus estimate for revenues is pegged at $196.8 million, suggesting a decline of 4.1% from the year-ago levels.IRDM’s earnings beat the Zacks Consensus Estimate in two of the last four quarters, while missing in the remain ...