Iron Mountain Inc expected to post earnings of 48 cents a share - Earnings Preview

Iron Mountain

04/11/2024 15:40

* Iron Mountain Inc  IRM.N   IRM  is expected to show a rise
in
quarterly revenue when it reports  results on November 6 for the
period ending September 30 2024
    * The Portsmouth New Hampshire-based  company is expected to
report a 11.9% increase in revenue to $1.554 billion from $1.39
billion a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on August 1
2024, for the period ended September 30, was for revenue of
$1.550 billion.
    * ​LSEG's mean analyst estimate for Iron Mountain Inc is for
earnings of 48 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 130.00​, above​ its last closing price of $121.16. ​​​

The company's guidance on August 1 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of of USD560 million.The company's
guidance on August 1 2024 for the period ended September 30 was
for Funds Flow from Operations of USD1.55 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  
 Jun. 30 2024  0.43        0.44       0.42      Missed  -3.7
 Jan. 1 2024   0.42        0.42       0.43      Beat    2.9
 Dec. 31 2023  0.46        0.45       0.52      Beat    14.5​
 Sep. 30 2023  0.45        0.44       0.45      Beat    1.7
 ​​Jun.        0.39        0.41       0.40      Missed  -1.2
 30 2023                                                
 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. 30 2022  0.44        0.44       0.48      Beat    8.4
 This summary was machine generated November 4 at 15:39 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)