Iron Mountain Inc. Third Quarter Earnings Sneak Peek

The Cheat Sheet

S&P 500 component Iron Mountain, Inc. will unveil its latest earnings on Thursday, October 27, 2011. Iron Mountain provides information protection and storage services to clients throughout the globe.

Iron Mountain, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 34 cents per share, a decline of 2.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 32 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 34 cents during the last month. For the year, analysts are projecting profit of $1.25 per share, a rise of 8.7% from last year.

Past Earnings Performance: Last quarter, the company saw net income of 29 cents per share versus a mean estimate of profit of 29 cents per share. This comes after two consecutive quarters of exceeding expectations.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 1.3% in revenue from the year-earlier quarter to $772.4 million.

Analyst Ratings: Analysts seem relatively indifferent about Iron Mountain with six of 10 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose more than sixfold to $252.7 million ($1.24 a share) from $41.3 million (20 cents a share) the year earlier, meeting analyst expectations. Revenue fell 2.2% to $762.9 million from $779.8 million.

Key Stats:

A year-over-year revenue decrease in the second quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 2.9%in the first quarter, 1.2% in the fourth quarter of the last fiscal year and 2.3% in the third quarter of the last fiscal year.

Competitors to Watch: Equifax Inc. , Moody’s Corporation , FTI Consulting, Inc. , The Dun & Bradstreet Corp. , Volt Information Sciences, Inc. , CTPartners Executive Search Inc , Intersections Inc. , Cintas Corporation , Towers Watson & Co , and COMFORCE Corporation (CFS).

Stock Price Performance: During September 23, 2011 to October 21, 2011, the stock price had risen $2.12 (6.9%) from $30.65 to $32.77. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011 when shares rose for nine-straight days, rising 7.8% (+$2.55) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine-straight days, falling 11.3% (-$3.90) over that span. Shares are up $8.29 (+33.9%) year to date.

(Source: Xignite Financials)

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

 

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