Iron Mountain Inc reports results for the quarter ended in December - Earnings Summary

Iron Mountain

23/02/2024 03:03

* Iron Mountain Inc  IRM.N  reported quarterly adjusted
earnings
of 52 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 43 cents.  The mean expectation of six analysts
for the quarter was for earnings of 45 cents per share. Wall
Street expected results to range from 43 cents to 47 cents per
share.
    * Revenue rose 11% to $1.42 billion from a year ago;
analysts
expected $1.45 billion. 
    * Iron Mountain Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $28.48
million.
    * Iron Mountain Inc shares had fallen by 2.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Iron Mountain Inc
is $72.00 
This summary was machine generated from LSEG data February 23 at
03:02 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.45           0.52           Beat
 Sep. 30 2023      0.44           0.45           Beat
 Jun. 30 2023      0.41           0.40           Missed
 Mar. 31 2023      0.35           0.42           Beat