Zacks Research Has Bearish Estimate for IRDM Q1 Earnings

Iridium Communications Inc (NASDAQ:IRDM) – Equities research analysts at Zacks Research lowered their Q1 2026 earnings estimates for Iridium Communications in a report released on Thursday, March 5th. Zacks Research analyst Team now expects that the technology company will post earnings per share of $0.27 for the quarter, down from their previous estimate of $0.28. The consensus estimate for Iridium Communications’ current full-year earnings is $0.89 per share. Zacks Research also issued estimates for Iridium Communications’ Q2 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.26 EPS, FY2026 earnings at $0.99 EPS, Q1 2027 earnings at $0.29 EPS, Q2 2027 earnings at $0.26 EPS, Q3 2027 earnings at $0.30 EPS, Q4 2027 earnings at $0.31 EPS, FY2027 earnings at $1.16 EPS and FY2028 earnings at $1.68 EPS.

IRDM has been the subject of several other research reports. BWS Financial reaffirmed a “sell” rating and issued a $16.00 target price on shares of Iridium Communications in a research report on Tuesday, February 17th. Morgan Stanley lifted their price target on shares of Iridium Communications from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Iridium Communications in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.40.

Iridium Communications Stock Performance

NASDAQ:IRDM opened at $23.95 on Friday. The firm’s fifty day simple moving average is $20.65 and its 200 day simple moving average is $19.50. The company has a current ratio of 2.48, a quick ratio of 1.82 and a debt-to-equity ratio of 3.80. Iridium Communications has a twelve month low of $15.65 and a twelve month high of $33.34. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 1.68 and a beta of 0.60.

Iridium Communications (NASDAQ:IRDM) last released its quarterly earnings data on Thursday, February 12th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. Iridium Communications had a net margin of 13.12% and a return on equity of 24.01%. The company had revenue of $212.94 million during the quarter, compared to analyst estimates of $219.14 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year.

Institutional Investors Weigh In On Iridium Communications

Several institutional investors and hedge funds have recently bought and sold shares of IRDM. Royal Bank of Canada boosted its stake in Iridium Communications by 33.0% in the first quarter. Royal Bank of Canada now owns 48,325 shares of the technology company’s stock valued at $1,320,000 after acquiring an additional 11,985 shares during the period. Amundi lifted its holdings in shares of Iridium Communications by 1,243.0% in the 1st quarter. Amundi now owns 40,479 shares of the technology company’s stock worth $1,035,000 after purchasing an additional 37,465 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Iridium Communications by 16.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 232,231 shares of the technology company’s stock valued at $6,345,000 after purchasing an additional 33,191 shares during the period. United Services Automobile Association acquired a new position in Iridium Communications during the 1st quarter valued at approximately $218,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Iridium Communications by 16.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 539,566 shares of the technology company’s stock worth $14,741,000 after buying an additional 75,060 shares during the last quarter. Institutional investors and hedge funds own 84.36% of the company’s stock.

About Iridium Communications

Iridium Communications Inc operates a global satellite communications network that delivers voice and data services across land, sea and air. The company’s unique architecture relies on a constellation of 66 low-Earth orbit satellites, enabling real-time connectivity in regions beyond the reach of terrestrial wireless networks. Iridium’s core offerings include satellite voice and messaging services, broadband data terminals, push-to-talk (PTT) interoperability and machine-to-machine (M2M) solutions for the Internet of Things (IoT).

Iridium serves a diverse range of markets, including maritime shipping, aviation, government and defense, energy, and enterprise.