- Iridium Communications surpasses Q1 earnings expectations with significant growth in revenue and EBITDA.
- Wall Street analysts predict a potential upside of nearly 99% for IRDM's stock.
- GuruFocus forecasts an impressive 193% upside, signaling strong future prospects.
In the first quarter, Iridium Communications (IRDM, Financial) reported a notable performance, delivering a GAAP EPS of $0.27, which exceeded analysts' expectations by $0.06. The company's revenue rose to $214.88 million, reflecting a 5% increase from the previous year and surpassing projections by $3.08 million. Notably, operational EBITDA climbed to $122.1 million, marking a 6% year-over-year increase.
Wall Street Analysts' Projections
According to forecasts from seven analysts, the average one-year price target for Iridium Communications Inc (IRDM, Financial) stands at an encouraging $40.43. The highest estimate suggests a potential price of $49.00, whereas the lowest is $30.00. This average target indicates a substantial upside of 98.62% from the current trading price of $20.36. For more in-depth estimate data, please visit the Iridium Communications Inc (IRDM) Forecast page.
Brokerage Recommendations
Eight brokerage firms collectively assign Iridium Communications Inc (IRDM, Financial) an average recommendation rating of 2.1, suggesting an "Outperform" status. This rating is part of a scale from 1 (Strong Buy) to 5 (Sell), highlighting a positive outlook on the stock's future performance.
GuruFocus Insights
The GF Value estimate posited by GuruFocus for Iridium Communications Inc (IRDM, Financial) is $59.72 by next year. This data indicates a remarkable upside of 193.39% from the current price of $20.355. The GF Value is a calculated estimate of the stock's fair trading value, derived from historical trading multiples, past business growth, and future performance expectations. Detailed data and insights are available on the Iridium Communications Inc (IRDM) Summary page.
