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.
Zacks Rank: Currently, Iron Mountain has a Zacks Rank#3 (Hold) but that could change following its second-quarter 2016 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Iron Mountain reported normalized funds from operations (FFO) of 47 cents per share that fell below the Zacks Consensus Estimate of 53 cents and decreased 4.1% year over year.
Revenue: Revenues of $883.7 million beat the Zacks Consensus Estimate of $882.9 million and improved 16.3% year over year.
Key Stats: In the quarter, adjusted OIBDA (operating income before depreciation and amortization) was $261.4 million compared with $223.2 million in the year-ago quarter.
Check back later for our full write up on this IRM earnings report later!
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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.
Zacks Rank: Currently, Iron Mountain has a Zacks Rank#3 (Hold) but that could change following its second-quarter 2016 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Iron Mountain reported normalized funds from operations (FFO) of 47 cents per share that fell below the Zacks Consensus Estimate of 53 cents and decreased 4.1% year over year.
Revenue: Revenues of $883.7 million beat the Zacks Consensus Estimate of $882.9 million and improved 16.3% year over year.
Key Stats: In the quarter, adjusted OIBDA (operating income before depreciation and amortization) was $261.4 million compared with $223.2 million in the year-ago quarter.
Check back later for our full write up on this IRM earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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