Iron Mountain Inc reports results for the quarter ended September 30 - Earnings Summary

• Iron Mountain Inc IRM.N reported quarterly adjusted earnings of 64 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of eight analysts for the quarter was for earnings of 61 cents per share. Wall Street expected results to range from 51 cents to 66 cents per share.

• Revenue rose 13.5% to $1.99 billion from a year ago; analysts expected $1.99 billion.

• Iron Mountain Inc's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of $121.14 million.

• Iron Mountain Inc shares had risen by 6.9% this quarter and gained 43.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," no "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 $144.00, about 17.6% above its last closing price of $118.66

This summary was machine generated from LSEG data November 5 at 03:53 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)