Iron Mountain(US:IRM) ZACKSยท2024-11-01 14:20Core Insights - Iron Mountain (IRM) is expected to report quarterly earnings of $1.11 per share, reflecting a 12.1% increase year-over-year, with revenues projected at $1.56 billion, also up 12.1% from the previous year [1] - The consensus EPS estimate has been adjusted upward by 0.2% over the past 30 days, indicating a positive reassessment by analysts [1][2] Revenue Estimates - The consensus estimate for 'Revenues- Storage Rental Revenue' is $928.99 million, indicating an 8.2% year-over-year increase [3] - 'Revenues- Service Revenue' is estimated at $626.76 million, showing an 18.4% increase year-over-year [4] - 'Global Data Center Business- Total Revenues' is projected to be $155.34 million, reflecting a 21.8% increase from the prior year [4] - 'Global Data Center Business- Storage Rental' is expected to reach $149.61 million, indicating a 21% year-over-year increase [5] - 'Global Data Center Business- Service' is forecasted at $5.03 million, suggesting a 29.6% increase year-over-year [5] - 'Corporate and Other- Total Revenues' is estimated to be $127.46 million, reflecting a significant 63.4% increase from the previous year [6] - 'Global RIM Business- Total Revenue' is projected at $1.27 billion, indicating a 7.4% year-over-year increase [6] Service Revenue Estimates - 'Corporate and Other- Service' is expected to reach $112.73 million, indicating an 80.2% increase from the prior year [7] - 'Global RIM Business- Storage Rental' is projected at $766.85 million, reflecting a 6.6% increase year-over-year [7] - 'Corporate and Other- Storage Rental' is estimated to be $16.31 million, indicating a 5.7% increase from the previous year [7] EBITDA and Market Performance - Analysts expect 'Global Data Center Business- Adjusted EBITDA' to be $65.75 million, compared to $53.22 million reported in the same quarter last year [8] - Iron Mountain shares have returned +4.5% over the past month, outperforming the Zacks S&P 500 composite, which saw a -1% change [8]