Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Founded in 2000 and headquartered in McLean, VA, Iridium Communications Inc is a satellite communications company that offers dedicated commercial global voice and data communications services to both businesses and governments in the U.S. as well as globally. It also works with non-governmental organizations.
IRDM sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of B. Earnings and sales are forecasted to increase 575% and 2.9% year-over-year, respectively.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.07 to $0.81 per share. IRDM boasts an average earnings surprise of 202.2%.
On a historic basis, Iridium Communications has generated cash flow growth of 8.7%, and is expected to report cash flow expansion of 7.1% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, IRDM should be on investors' short lists.
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Iridium Communications Inc (IRDM) : Free Stock Analysis Report
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