Earnings Forecast Research on Iridium Communications Inc (IRDM)

Iridium Communications Inc has received $0.21 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 3 Financial Advisor in the Stock Trading Firms. Among 3 Analysts, Bottom line EPS Estimate for the current quarter is $0.2 while the top line estimate is $0.21 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at 47.62%.

Iridium Communications Inc reported better than expected with a surprise EPS of 8.33% or $0.02 during its most recent quarterly earnings. The Actual EPS was $0.26 compared to the Estimated EPS of $0.24.

In the last quarter, Iridium Communications Inc reported Annual Earnings of $0.26. Based on the filings, last years Annual Earnings was, $0.77. In the last Quarter, IRDM reported a surprise Earnings per Share of 8.33% . The consensus estimate for current quarter is $0.21 and for the current fiscal year, the estimate is $0.9. For the Next fiscal year, the estimate is $0.77 based on the consensus.

Iridium Communications Inc (NASDAQ:IRDM) : On Tuesday heightened volatility was witnessed in Iridium Communications Inc (NASDAQ:IRDM) which led to swings in the share price. The stock opened for trading at $10.1 and hit $10.35 on the upside , eventually ending the session at $10.1, with a gain of 0.5% or 0.05 points. The heightened volatility saw the trading volume jump to 1,324,725 shares. The 52-week high of the share price is $11.54 and the company has a market cap of $967 million. The 52-week low of the share price is at $6.14 .

Iridium Communications Inc., formerly GHL Acquisition Corp., is a provider of mobile voice and data communications services via satellite, and the provider of mobile satellite communications services offering 100% global coverage. Iridium offers voice and data communications services to the U.S. and foreign governments, businesses, non-governmental organizations and consumers via its constellation of 66 in-orbit satellites, seven in-orbit spares and related ground infrastructure. Iridiums commercial end-user base includes the emergency services, maritime, government, utilities, oil and gas, mining, leisure, forestry, construction and transportation markets. Iridiums products and related applications are installed in unmanned aerial vehicles, helicopters, commercial aircrafts, marine vessels, and ground vehicles.

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