Iron Mountain Inc expected to post earnings of 44 cents a share - Earnings Preview

Iron Mountain

30/07/2024 19:58

* Iron Mountain Inc  IRM.N   IRM  is expected to show a rise
in
quarterly revenue when it reports  results on August 1 for the
period ending June 30 2024
    * The Portsmouth New Hampshire-based  company is expected to
report a 10.8% increase in revenue to $1.505 billion from $1.36
billion a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on May 2
2024, for the period ended June 30, was for revenue of $1.500
billion.
    * ​LSEG's mean analyst estimate for Iron Mountain Inc is for
earnings of 44 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Iron
Mountain Inc
is $91.00​, below​ its last closing price of $99.48. ​​​

The company's guidance on May 2 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of of USD535 million.The company's guidance on May
2 2024 for the period ended June 30 was for Funds Flow from
Operations of USD1.5 billion.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.42        0.42       0.43      Beat    2.9
 Dec. 31 2024  0.46        0.45       0.52      Beat    14.5
 Jan. 1 0001   0.45        0.44       0.45      Beat    1.7​
 Jun. 30 2023  0.39        0.41       0.40      Missed  -1.2
 ​​Mar.        0.36        0.35       0.42      Beat    19.3
 31 2023                                                
 Dec. 31 2022  0.43        0.44       0.43      Missed  -1.3​
 Sep. 30 2022  0.44        0.44       0.48      Beat    8.4
 Jun. 30 2022  0.40        0.40       0.46      Beat    14.7
 This summary was machine generated July 30 at 18:58 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)