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

Iron Mountain

02/05/2024 15:22

* Iron Mountain Inc  IRM.N  reported quarterly adjusted
earnings
of 43 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 42 cents.  The mean expectation of five analysts for the
quarter was for earnings of 42 cents per share. Wall Street
expected results to range from 37 cents to 45 cents per share.
    * Revenue rose 12.4% to $1.48 billion from a year ago;
analysts
expected $1.45 billion. 
    * Iron Mountain Inc's reported EPS for the quarter was 25
cents​.
    * The company reported quarterly net income of $74.06
million.
    * Iron Mountain Inc shares had fallen by 2.6% this
quarter and
gained 11.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.6%
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 $83.00 
This summary was machine generated from LSEG data May 2 at 02:22
p.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
 Mar. 31 2024      0.42           0.43           Beat
 Dec. 31 2023      0.45           0.52           Beat
 Sep. 30 2023      0.44           0.45           Beat
 Jun. 30 2023      0.41           0.40           Missed