Iron Mountain Inc. Fourth Quarter Earnings Sneak Peek

The Cheat Sheet

S&P 500 component Iron Mountain, Inc. will unveil its latest earnings on Thursday, February 23, 2012. 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 30 cents per share, no change from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 7% versus last year to $1.23.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported profit of 37 cents per share versus a mean estimate of 34 cents. Two quarters ago, it reported net income of 29 cents per share.

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Wall St. Revenue Expectations: Analysts predict a decline of 5.3% in revenue from the year-earlier quarter to $747 million.

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

A Look Back: In the third quarter, the company swung to a profit of $37.3 million (19 cents a share) from a loss of $153.8 million (76 cents) a year earlier, beating analyst estimates. Revenue fell 1.3% to $772.1 million from $782.6 million.

Key Stats:

Revenue has fallen in the past two quarters. In the second quarter, the figure fell 2.2%.

Stock Price Performance: Between November 21, 2011 and February 17, 2012, the stock price rose $2.02 (7%), from $28.91 to $30.93. 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, increasing 7.8% (+$2.53) 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, dropping 11.3% (-$3.87) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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