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Ahead of Iron Mountain (IRM) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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In its upcoming report, Iron Mountain (IRM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.19 per share, reflecting an increase of 183.3% compared to the same period last year. Revenues are forecasted to be $1.68 billion, representing a year-over-year increase of 9.3%.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Iron Mountain metrics that Wall Street analysts commonly model and monitor.
Based on the collective assessment of analysts, 'Revenues- Storage Rental Revenue' should arrive at $990.44 million. The estimate suggests a change of +7.7% year over year.
Analysts expect 'Revenues- Service Revenue' to come in at $685.41 million. The estimate points to a change of +11.5% from the year-ago quarter.
The consensus among analysts is that 'Global Data Center Business- Total Revenues' will reach $189.73 million. The estimate indicates a year-over-year change of +24.3%.
The consensus estimate for 'Global Data Center Business- Storage Rental' stands at $187.35 million. The estimate suggests a change of +27.1% year over year.
Analysts' assessment points toward 'Global Data Center Business- Service' reaching $3.52 million. The estimate indicates a year-over-year change of -33.7%.
The average prediction of analysts places 'Corporate and Other- Total Revenues' at $174.64 million. The estimate suggests a change of +33.2% year over year.
Analysts forecast 'Global RIM Business- Service' to reach $522.28 million. The estimate suggests a change of +5.7% year over year.
According to the collective judgment of analysts, 'Global RIM Business- Total Revenue' should come in at $1.32 billion. The estimate points to a change of +5.6% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Corporate and Other- Service' of $159.30 million. The estimate indicates a change of +38.4% from the prior-year quarter.
The combined assessment of analysts suggests that 'Global RIM Business- Storage Rental' will likely reach $798.52 million. The estimate points to a change of +5.6% from the year-ago quarter.
Analysts predict that the 'Corporate and Other- Storage Rental' will reach $17.18 million. The estimate points to a change of +7.4% from the year-ago quarter.
It is projected by analysts that the 'Global Data Center Business- Adjusted EBITDA' will reach $94.15 million. Compared to the present estimate, the company reported $66.02 million in the same quarter last year.
Over the past month, Iron Mountain shares have recorded returns of -3.3% versus the Zacks S&P 500 composite's +2.3% change. Based on its Zacks Rank #2 (Buy), IRM will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of Iron Mountain (IRM) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
In its upcoming report, Iron Mountain (IRM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.19 per share, reflecting an increase of 183.3% compared to the same period last year. Revenues are forecasted to be $1.68 billion, representing a year-over-year increase of 9.3%.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Iron Mountain metrics that Wall Street analysts commonly model and monitor.
Based on the collective assessment of analysts, 'Revenues- Storage Rental Revenue' should arrive at $990.44 million. The estimate suggests a change of +7.7% year over year.
Analysts expect 'Revenues- Service Revenue' to come in at $685.41 million. The estimate points to a change of +11.5% from the year-ago quarter.
The consensus among analysts is that 'Global Data Center Business- Total Revenues' will reach $189.73 million. The estimate indicates a year-over-year change of +24.3%.
The consensus estimate for 'Global Data Center Business- Storage Rental' stands at $187.35 million. The estimate suggests a change of +27.1% year over year.
Analysts' assessment points toward 'Global Data Center Business- Service' reaching $3.52 million. The estimate indicates a year-over-year change of -33.7%.
The average prediction of analysts places 'Corporate and Other- Total Revenues' at $174.64 million. The estimate suggests a change of +33.2% year over year.
Analysts forecast 'Global RIM Business- Service' to reach $522.28 million. The estimate suggests a change of +5.7% year over year.
According to the collective judgment of analysts, 'Global RIM Business- Total Revenue' should come in at $1.32 billion. The estimate points to a change of +5.6% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Corporate and Other- Service' of $159.30 million. The estimate indicates a change of +38.4% from the prior-year quarter.
The combined assessment of analysts suggests that 'Global RIM Business- Storage Rental' will likely reach $798.52 million. The estimate points to a change of +5.6% from the year-ago quarter.
Analysts predict that the 'Corporate and Other- Storage Rental' will reach $17.18 million. The estimate points to a change of +7.4% from the year-ago quarter.
It is projected by analysts that the 'Global Data Center Business- Adjusted EBITDA' will reach $94.15 million. Compared to the present estimate, the company reported $66.02 million in the same quarter last year.
View all Key Company Metrics for Iron Mountain here>>>Over the past month, Iron Mountain shares have recorded returns of -3.3% versus the Zacks S&P 500 composite's +2.3% change. Based on its Zacks Rank #2 (Buy), IRM will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .