Iron Mountain Inc expected to post earnings of 45 cents a share - Earnings Preview

Iron Mountain

20/02/2024 15:48

* Iron Mountain Inc  IRM.N   IRM  is expected to show a rise
in
quarterly revenue when it reports  results on February 22 for
the period ending December 31 2023
    * The Portsmouth New Hampshire-based  company is expected to
report a 13.3% increase in revenue to $1.449 billion from $1.28
billion a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on November
2 2023, for the period ended December 31, was for revenue of
$1.440 billion.
    * ​LSEG's mean analyst estimate for Iron Mountain Inc is for
earnings of 45 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 $72.00​, above​ its last closing price of $67.98. ​​​

The company's guidance on November 2 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD520 million.The company's
guidance on November 2 2023 for the period ended December 31 was
for Funds Flow from Operations of USD1.44 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  
 Sep. 30 2023  0.45        0.44       0.45      Beat    1.7
 Jun. 30 2023  0.39        0.41       0.40      Missed  -1.2
 Mar. 31 2023  0.36        0.35       0.42      Beat    19.3​
 Dec. 31 2022  0.43        0.44       0.43      Missed  -1.3
 ​​Sep.        0.44        0.44       0.48      Beat    8.4
 30 2022                                                
 Jun. 30 2022  0.40        0.40       0.46      Beat    14.7​
 Mar. 31 2022  0.38        0.37       0.38      Beat    1.7
 Dec. 31 2021  0.41        0.40       0.43      Beat    8.1
 This summary was machine generated February 20 at 15:47 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)