S&P 500 (NYSE:SPY) component Iron Mountain, Inc. (NYSE:IRM) will unveil its latest earnings on Thursday, July 28, 2011. Iron Mountain Inc. provides information protection and storage services to clients throughout the globe. Moody’s Corporation Second Quarter Earnings Sneak Peek>>
Iron Mountain, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 29 cents per share, a rise of 3.6% 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 31 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at 29 cents during the last month. For the year, analysts are projecting profit of $1.22 per share, a rise of 6.1% from last year.
Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported net income of 26 cents per share versus a mean estimate of profit of 27 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by one cent.
Wall St. Revenue Expectations: On average, analysts predict $806.7 million in revenue this quarter, a rise of 3.5% from the year ago quarter. Analysts are forecasting total revenue of $3.21 billion for the year, a rise of 2.6% from last year’s revenue of $3.13 billion.
Analyst Ratings: Analysts are bullish on this stock with seven analysts rating it as a buy, none rating it as a sell and five rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.
Revenue has risen the past four quarters. Revenue increased 2.9% to $799 million in first quarter. The figure rose 1.2% in the fourth quarter of the last fiscal year from the year earlier, climbed 2.3% in the third quarter of the last fiscal year from the year-ago quarter and 4.5% in the second quarter of the last fiscal year.
Competitors to Watch: Equifax Inc. (NYSE:EFX), Moody’s Corporation (NYSE:MCO), FTI Consulting, Inc. (NYSE:FCN), The Dun & Bradstreet Corp. (NYSE:DNB), Volt Information Sciences, Inc. (NYSE:VOL), CTPartners Executive Search Inc (AMEX:CTP), Intersections Inc. (NASDAQ:INTX), Cintas Corporation (NASDAQ:CTAS), Towers Watson & Co (NYSE:TW).
Stock Price Performance: During April 27, 2011 to July 22, 2011, the stock price had risen $3.25 (10.3%) from $31.43 to $34.68. 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% (+$2.57) over that span. It saw one of its worst periods between May 2, 2011 and May 6, 2011 when shares fell for five-straight days, falling 1.7% (-54 cents) over that span. Shares are up $10.02 (+40.6%) year to date.
(Source: Xignite Financials)