We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Iron Mountain (IRM) Reports Q4 Earnings: What Key Metrics Have to Say
Read MoreHide Full Article
Iron Mountain (IRM - Free Report) reported $1.42 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 11%. EPS of $1.11 for the same period compares to $0.43 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.44 billion, representing a surprise of -1.50%. The company delivered an EPS surprise of +5.71%, with the consensus EPS estimate being $1.05.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Iron Mountain performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Service Revenue: $548.69 million compared to the $565.08 million average estimate based on six analysts. The reported number represents a change of +7.7% year over year.
Revenues- Storage Rental Revenue: $871.14 million compared to the $884.43 million average estimate based on six analysts. The reported number represents a change of +13.2% year over year.
Global Data Center Business- Storage Rental: $131.99 million compared to the $138.29 million average estimate based on four analysts.
Global Data Center Business- Service: $5.17 million versus $6.18 million estimated by four analysts on average.
Corporate and Other- Total Revenues: $89.95 million versus $94.29 million estimated by four analysts on average.
Corporate and Other- Service: $73.90 million compared to the $78.43 million average estimate based on four analysts.
Global Data Center Business- Total Revenues: $137.15 million versus $143.64 million estimated by four analysts on average.
Global RIM Business- Total Revenue: $1.19 billion versus the four-analyst average estimate of $1.22 billion.
Global RIM Business- Service: $469.62 million compared to the $482.34 million average estimate based on four analysts.
Corporate and Other- Storage Rental: $16.05 million versus the three-analyst average estimate of $15.81 million.
Global RIM Business- Storage Rental: $723.11 million versus the three-analyst average estimate of $735.17 million.
Earnings per share- Diluted: $0.10 million compared to the $0.40 million average estimate based on five analysts.
Shares of Iron Mountain have returned +2.3% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Iron Mountain (IRM) Reports Q4 Earnings: What Key Metrics Have to Say
Iron Mountain (IRM - Free Report) reported $1.42 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 11%. EPS of $1.11 for the same period compares to $0.43 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.44 billion, representing a surprise of -1.50%. The company delivered an EPS surprise of +5.71%, with the consensus EPS estimate being $1.05.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Iron Mountain performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Service Revenue: $548.69 million compared to the $565.08 million average estimate based on six analysts. The reported number represents a change of +7.7% year over year.
- Revenues- Storage Rental Revenue: $871.14 million compared to the $884.43 million average estimate based on six analysts. The reported number represents a change of +13.2% year over year.
- Global Data Center Business- Storage Rental: $131.99 million compared to the $138.29 million average estimate based on four analysts.
- Global Data Center Business- Service: $5.17 million versus $6.18 million estimated by four analysts on average.
- Corporate and Other- Total Revenues: $89.95 million versus $94.29 million estimated by four analysts on average.
- Corporate and Other- Service: $73.90 million compared to the $78.43 million average estimate based on four analysts.
- Global Data Center Business- Total Revenues: $137.15 million versus $143.64 million estimated by four analysts on average.
- Global RIM Business- Total Revenue: $1.19 billion versus the four-analyst average estimate of $1.22 billion.
- Global RIM Business- Service: $469.62 million compared to the $482.34 million average estimate based on four analysts.
- Corporate and Other- Storage Rental: $16.05 million versus the three-analyst average estimate of $15.81 million.
- Global RIM Business- Storage Rental: $723.11 million versus the three-analyst average estimate of $735.17 million.
- Earnings per share- Diluted: $0.10 million compared to the $0.40 million average estimate based on five analysts.
View all Key Company Metrics for Iron Mountain here>>>Shares of Iron Mountain have returned +2.3% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.