Iron Mountain (IRM) Tops Q1 Earnings Estimates

Core Viewpoint - Iron Mountain (IRM) reported quarterly earnings of $1.17 per share, exceeding the Zacks Consensus Estimate of $1.16 per share, and showing significant growth from $0.43 per share a year ago, indicating a positive earnings surprise of 0.86% [1] Financial Performance - The company posted revenues of $1.59 billion for the quarter ended March 2025, which was below the Zacks Consensus Estimate by 0.40%, but an increase from $1.48 billion year-over-year [2] - Over the last four quarters, Iron Mountain has surpassed consensus EPS estimates only once, and it has topped consensus revenue estimates two times [2] Stock Performance - Iron Mountain shares have declined approximately 14.7% since the beginning of the year, contrasting with the S&P 500's decline of 5.3% [3] - The current Zacks Rank for Iron Mountain is 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.20 on revenues of $1.67 billion, and for the current fiscal year, it is $4.91 on revenues of $6.74 billion [7] - The trend for estimate revisions ahead of the earnings release was unfavorable, which may impact future stock movements [6] Industry Context - The Business - Information Services industry, to which Iron Mountain belongs, is currently in the top 30% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]