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Iron Mountain (IRM) Misses on Q1 Earnings, Beats Revenue
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Boston, MA-based Iron Mountain Inc. (IRM - Free Report) is a leading provider of records management, data protection & recovery and information destruction services in more than 45 countries around the world.
The company’s products cater to a diversified customer base that comprises commercial, legal, financial services, health care, entertainment, and government organizations. It is noteworthy that 95% of the Fortune 1000 companies are on Iron Mountain’s client list.
Currently, Iron Mountain has a Zacks Rank #3 (Hold).
However, the Zacks Rank could definitely change following the company’s first-quarter 2017 report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Iron Mountain reported normalized funds from operations (FFO) of 48 cents per share that missed the Zacks Consensus Estimate of 51 cents and decreased 7.4% year over year.
Revenue: Revenues of $939 million beat the Zacks Consensus Estimate of $929 million and improved 25% year over year.
Key Stats: In the quarter, adjusted EBITDA (earnings before depreciation and amortization) was $293 million compared with $235 million in the year-ago quarter.
Check back for our full write up on this Iron Mountain earnings report later!
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Iron Mountain (IRM) Misses on Q1 Earnings, Beats Revenue
Boston, MA-based Iron Mountain Inc. (IRM - Free Report) is a leading provider of records management, data protection & recovery and information destruction services in more than 45 countries around the world.
The company’s products cater to a diversified customer base that comprises commercial, legal, financial services, health care, entertainment, and government organizations. It is noteworthy that 95% of the Fortune 1000 companies are on Iron Mountain’s client list.
Currently, Iron Mountain has a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
However, the Zacks Rank could definitely change following the company’s first-quarter 2017 report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Iron Mountain reported normalized funds from operations (FFO) of 48 cents per share that missed the Zacks Consensus Estimate of 51 cents and decreased 7.4% year over year.
Iron Mountain Incorporated Price
Iron Mountain Incorporated Price | Iron Mountain Incorporated Quote
Revenue: Revenues of $939 million beat the Zacks Consensus Estimate of $929 million and improved 25% year over year.
Key Stats: In the quarter, adjusted EBITDA (earnings before depreciation and amortization) was $293 million compared with $235 million in the year-ago quarter.
Check back for our full write up on this Iron Mountain earnings report later!
Looking for Ideas with Even Greater Upside?
Most of Zacks’ investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>