Iron Mountain Inc reports results for the quarter ended March 31 - Earnings Summary

• Iron Mountain Inc IRM.N reported quarterly adjusted earnings of 43 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of seven analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 35 cents to 45 cents per share.

• Revenue rose 7.8% to $1.59 billion from a year ago; analysts expected $1.59 billion.

• Iron Mountain Inc's reported EPS for the quarter was 5 cents​.

• The company reported quarterly net income of $15.95 million.

• Iron Mountain Inc shares had risen by 4.2% this quarter and lost 14.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 1 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

• Wall Street's median 12-month price target for Iron Mountain Inc is $121.50

This summary was machine generated from LSEG data May 1 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)