Iridium Communications (Nasdaq: IRDM) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Iridium Communications's revenues will grow 5.6% and EPS will grow 25.0%.
The average estimate for revenue is $101.3 million. On the bottom line, the average EPS estimate is $0.20.
Revenue details
Last quarter, Iridium Communications logged revenue of $93.5 million. GAAP reported sales were 2.4% higher than the prior-year quarter's $91.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $0.16. GAAP EPS of $0.16 for Q1 were 45% higher than the prior-year quarter's $0.11 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 66.5%, 70 basis points worse than the prior-year quarter. Operating margin was 15.1%, 280 basis points worse than the prior-year quarter. Net margin was 13.3%, 420 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $404.2 million. The average EPS estimate is $0.80.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 181 members out of 188 rating the stock outperform, and seven members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Iridium Communications a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Iridium Communications is buy, with an average price target of $12.25.
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