UK markets close in 6 hours 40 minutes
  • FTSE 100

    7,498.45
    -8.66 (-0.12%)
     
  • FTSE 250

    20,279.70
    -18.30 (-0.09%)
     
  • AIM

    923.91
    +4.13 (+0.45%)
     
  • GBP/EUR

    1.1832
    -0.0025 (-0.21%)
     
  • GBP/USD

    1.2224
    +0.0006 (+0.05%)
     
  • BTC-GBP

    20,044.53
    +1,088.59 (+5.74%)
     
  • CMC Crypto 200

    576.47
    +45.25 (+8.52%)
     
  • S&P 500

    4,210.24
    +87.77 (+2.13%)
     
  • DOW

    33,309.51
    +535.11 (+1.63%)
     
  • CRUDE OIL

    91.94
    +0.01 (+0.01%)
     
  • GOLD FUTURES

    1,802.40
    -11.30 (-0.62%)
     
  • NIKKEI 225

    27,819.33
    -180.63 (-0.65%)
     
  • HANG SENG

    20,082.43
    +471.59 (+2.40%)
     
  • DAX

    13,678.30
    -22.63 (-0.17%)
     
  • CAC 40

    6,530.68
    +7.24 (+0.11%)
     

Iridium Communications (IRDM) is a Top-Ranked Growth Stock: Should You Buy?

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

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.

Iridium Communications (IRDM)

Founded in 2000 and headquartered in McLean, VA, Iridium Communications Inc. is the only satellite communications company that offers dedicated commercial global voice and data communications. The company delivers an array of reliable and low latency communications services to businesses, consumers, wireline and wireless telecommunications operators and Internet service providers. The company also offers commercial satellite communication services to the U.S. and foreign governments, and other non-governmental organizations.

IRDM boasts a Growth Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 200% year-over-year for 2022, while Wall Street anticipates its top line to improve by 10.2%.

Three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $0.07 per share for 2022. IRDM boasts an average earnings surprise of 109.4%.

On a historic basis, Iridium Communications has generated cash flow growth of 13.2%, and is expected to report cash flow expansion of 9.4% this year.

IRDM should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Iridium Communications Inc (IRDM) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting