In the latest trading session, Iron Mountain (IRM - Free Report) closed at $31.08, marking a +1.4% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.28%. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, lost 1.61%.
Coming into today, shares of the real estate investment trust had lost 2.38% in the past month. In that same time, the Finance sector lost 5.8%, while the S&P 500 lost 6.3%.
Wall Street will be looking for positivity from IRM as it approaches its next earnings report date. The company is expected to report EPS of $0.52, down 7.14% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.07 billion, up 0.76% from the year-ago period.
IRM's full-year Zacks Consensus Estimates are calling for earnings of $2.24 per share and revenue of $4.31 billion. These results would represent year-over-year changes of -2.61% and +1.92%, respectively.
Investors should also note any recent changes to analyst estimates for IRM. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. IRM is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, IRM is currently trading at a Forward P/E ratio of 13.69. Its industry sports an average Forward P/E of 15.07, so we one might conclude that IRM is trading at a discount comparatively.
Investors should also note that IRM has a PEG ratio of 2.95 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The REIT and Equity Trust - Other industry currently had an average PEG ratio of 2.95 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.