S&P 500 (NYSE:SPY) component Iron Mountain Incorporated (NYSE:IRM) will unveil its latest earnings on Thursday, July 26, 2012. Iron Mountain provides information protection and storage services to clients throughout the globe.
Iron Mountain Incorporated Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 31 cents per share, a rise of 6.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 32 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 31 cents during the last month. Analysts are projecting profit to rise by 0.8% versus last year to $1.30.
Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported net income of 29 cents per share versus a mean estimate of profit of 29 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 3 cents.
Investing Insights: Is TV the Next Bullish Catalyst for Apple’s Stock?
A Look Back: In the first quarter, profit fell 24.7% to $55.4 million (32 cents a share) from $73.5 million (37 cents a share) the year earlier, meeting analyst expectations. Revenue fell 6.6% to $746.5 million from $799 million.
Stock Price Performance: Between May 23, 2012 and July 20, 2012, the stock price had risen $2.64 (9.1%), from $29.04 to $31.68. The stock price saw one of its best stretches over the last year between August 25, 2011 and September 1, 2011, when shares rose for six straight days, increasing 4.4% (+$1.36) 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% (-$3.93) over that span.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.2 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.
On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 2.2% in the second quarter of the last fiscal year, 1.3% in third quarter of the last fiscal year and 7.5% in the fourth quarter of the last fiscal year and then fell again in the first quarter.
Analyst Ratings: With five analysts rating the stock a buy, none rating it a sell and four rating the stock a hold, there are indications of a bullish stance by analysts. Over the last three months, the stock’s average rating has increased from hold to moderate buy.
Wall St. Revenue Expectations: On average, analysts predict $761.2 million in revenue this quarter, a decline of 0.2% from the year-ago quarter. Analysts are forecasting total revenue of $3.03 billion for the year, a rise of 0.7% from last year’s revenue of $3.01 billion.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Hot Additional Stories: