Iridium Communications Inc. (NASDAQ:IRDM) Quarterly Earnings Preview

• Analysts expect an earnings per share (EPS) of $0.20 and revenue of approximately $206.18 million for the upcoming quarterly earnings.
• The anticipated EPS represents a significant year-over-year increase of 2100%, driven by an increase in commercial service revenues and a growing subscriber base.
• Iridium's financial metrics such as a price-to-earnings (P/E) ratio of 41.04 and a debt-to-equity ratio of 2.10 provide insight into its performance and financial health.

Iridium Communications Inc. (NASDAQ:IRDM) is a satellite communications company known for its global voice and data services. It operates a constellation of satellites that provide coverage across the globe. As it prepares to release its quarterly earnings on October 17, 2024, analysts expect an earnings per share (EPS) of $0.20 and revenue of approximately $206.18 million.

The anticipated EPS of $0.20 represents a significant year-over-year increase of 2100%, as highlighted by analysts. This growth is driven by an increase in commercial service revenues and a growing subscriber base. Revenue is expected to reach $205.68 million, marking a 4.1% rise compared to the same quarter last year.

Iridium's financial metrics provide further insight into its performance. The company has a price-to-earnings (P/E) ratio of 41.04, indicating that investors are willing to pay $41.04 for every dollar of earnings. Its price-to-sales ratio is 4.47, suggesting that investors pay $4.47 for every dollar of sales.

The enterprise value to sales ratio stands at 6.46, reflecting the company's valuation in relation to its sales. Additionally, the enterprise value to operating cash flow ratio is 16.53, offering insight into the company's valuation compared to its cash flow from operations.

Iridium's debt-to-equity ratio is 2.10, indicating a reliance on debt for financing. The current ratio of 2.25 suggests that Iridium has $2.25 in current assets for every dollar of current liabilities, demonstrating its ability to cover short-term obligations.