Iron Mountain (IRM - Free Report) closed at $32.55 in the latest trading session, marking a -0.03% move from the prior day. This move lagged the S&P 500's daily gain of 0.95%. At the same time, the Dow added 0.94%, and the tech-heavy Nasdaq gained 0.8%.
Heading into today, shares of the real estate investment trust had gained 2.97% over the past month, outpacing the Finance sector's gain of 2.43% and the S&P 500's gain of 2.47% in that time.
IRM will be looking to display strength as it nears its next earnings release. On that day, IRM is projected to report earnings of $0.51 per share, which would represent a year-over-year decline of 8.93%. Our most recent consensus estimate is calling for quarterly revenue of $1.07 billion, up 0.76% from the year-ago period.
IRM's full-year Zacks Consensus Estimates are calling for earnings of $2.23 per share and revenue of $4.31 billion. These results would represent year-over-year changes of -3.04% and +1.92%, respectively.
Any recent changes to analyst estimates for IRM should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.46% lower. IRM currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, IRM is holding a Forward P/E ratio of 14.61. This represents a discount compared to its industry's average Forward P/E of 15.7.
Investors should also note that IRM has a PEG ratio of 3.15 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. REIT and Equity Trust - Other stocks are, on average, holding a PEG ratio of 3.09 based on yesterday's closing prices.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.