What to Expect From Iron Mountain's Next Quarterly Earnings Report

Company Overview - Iron Mountain Incorporated (IRM) is based in Portsmouth, New Hampshire, and specializes in records management, data management solutions, and information destruction services. The company has a market capitalization of $30.8 billion and serves various industries including banking, energy, entertainment, health care, insurance, law firms, life sciences, retail, and pharmaceuticals [1]. Earnings Expectations - Analysts anticipate that IRM will report a Funds From Operations (FFO) of $1.14 per share on a diluted basis for the fiscal third quarter of 2025, representing a significant increase of 171.4% from $0.42 per share in the same quarter last year [2]. - For the full fiscal year, the expected FFO is $4.51 per share, which is an increase of 154.8% from $1.77 per share in fiscal 2024. Furthermore, the FFO is projected to rise by 12.6% year over year to $5.08 per share in fiscal 2026 [3]. Stock Performance - Over the past 52 weeks, IRM stock has underperformed the S&P 500 Index, which gained 15.1%, with IRM shares declining by 15.4%. The stock also underperformed the Real Estate Select Sector SPDR Fund, which saw a 3.4% decrease during the same period [4]. Recent Financial Results - In its Q2 results, IRM reported an adjusted EPS of $1.24, surpassing Wall Street's expectations of $1.19. The company's revenue for the quarter was $1.71 billion, exceeding the forecast of $1.68 billion. For the full year, IRM expects adjusted EPS to be in the range of $5.04 to $5.13, with revenue projected between $6.8 billion and $6.9 billion [5]. Analyst Ratings - The consensus opinion among analysts on IRM stock is moderately bullish, with a "Moderate Buy" rating overall. Out of 11 analysts, eight recommend a "Strong Buy," one suggests a "Moderate Buy," and two advise a "Strong Sell." The average analyst price target for IRM is $115.50, indicating a potential upside of 10.6% from current levels [6].