Iridium Communications Inc. reports results for the quarter ended September 30 - Earnings Summary

Iridium Communications

Wed 14:31

Iridium Communications Inc. IRDM.OQ reported quarterly adjusted earnings of 98 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 35 cents.  The mean expectation of eight analysts for the quarter was for earnings of 33 cents per share. Wall Street expected results to range from 26 cents to 39 cents per share.
Revenue rose 8.3% to $245.73 million from a year ago; analysts expected $236.30 million. 
Iridium Communications Inc.'s reported EPS for the quarter was 98 cents​.
The company reported quarterly net income of $106.9 million.
Iridium Communications Inc. shares had fallen by 8.3% this quarter and gained 152.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 1.2% in the last three months.​ 
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the wireless telecommunications services peer group is  "buy."
Wall Street's median 12-month price target for Iridium Communications Inc. is $40.00, about 9.8% below its last closing price of $43.94
This summary was machine generated from LSEG data October 21 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Sep. 30 2026 
0.33
0.98
Beat
Jun. 30 2026 
0.28
0.09
Missed
Mar. 31 2026 
0.34
0.20
Missed
Dec. 31 2025 
0.24
0.24
Met