Iron Mountain Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Iron Mountain, Inc. (NYSE:IRM) will unveil its latest earnings on Thursday, April 26, 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 profit of 29 cents per share, a rise of 11.5% 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 moved down. It has risen from 28 cents during the last month. For the year, analysts are projecting net income of $1.32 per share, a rise of 0.8% from last year.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with profit of 33 cents per share against the mean estimate of 30 cents. In the prior quarter, the company reported net income of 37 cents.

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Wall St. Revenue Expectations: Analysts predict a decline of 6.2% in revenue from the year-earlier quarter to $749.6 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 fourth quarter of the last fiscal year, profit fell 2.9% to $32.1 million (21 cents a share) from $33 million (16 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 7.5% to $729.4 million from $788.7 million.

Key Stats:

On the top line, this results announcement is a chance to get back to revenue increases after consecutive quarters of declines. Revenue fell 2.2% in the second quarter of the last fiscal year and 1.3% in the third quarter before dropping again in the fourth quarter.

Stock Price Performance: From March 22, 2012 to April 20, 2012, the stock price rose $1.51 (5.3%), from $28.65 to $30.16. 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% (+$2.51) 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% (-$3.84) over that span.

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

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