Shares of Iridiummmunications Rank the Highest in Terms of Forward Earnings Yield in the Alternative Carriers Industry (IRDM, PGI, VG, LVLT, EGHT)
Below are the three companies in the Alternative Carriers industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.
Iridiummmunications ranks highest with a forward earnings yield of 9.4%. Following is Premiere Global Services with a forward earnings yield of 6.8%. Vonage ranks third highest with a forward earnings yield of 4.1%.
Level 3 Communications follows with a forward earnings yield of 2.9%, and 8X8 INC rounds out the top five with a forward earnings yield of 1.0%.
SmarTrend recommended that its subscribers protect gains by selling shares of Level 3 Communications on July 28th, 2016 by issuing a Downtrend alert when the shares were trading at $51.47. Since that call, shares of Level 3 Communications have fallen 11.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: highest forward earnings yield iridiummmunications premiere global services vonage level 3 communications 8x8 inc