Iridium Communications is expected to report Q1 earnings on May 2. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Iridium Communications's revenues will grow 4.1% and EPS will increase 18.8%.
The average estimate for revenue is $97.3 million. On the bottom line, the average EPS estimate is $0.19.
Last quarter, Iridium Communications reported revenue of $92.3 million. GAAP reported sales were 2.8% lower than the prior-year quarter's $95.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.19. GAAP EPS of $0.20 for Q4 were 82% 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.
For the preceding quarter, gross margin was 72.5%, 610 basis points better than the prior-year quarter. Operating margin was 33.6%, much better than the prior-year quarter. Net margin was 18.1%, 920 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $404.4 million. The average EPS estimate is $0.94.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 209 members out of 216 rating the stock outperform, and seven members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Iridium Communications a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Iridium Communications is outperform, with an average price target of $9.38.
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This article was originally published as Are You Expecting This from Iridium Communications?on Fool.com
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