Iron Mountain (IRM) To Post Q2 Earnings: What's In Store?
Zacks Investment Research | Jul 25, 2017 10:39PM ET
Iron Mountain Inc. (NYSE:IRM) is set to release second-quarter 2017 results on Jul 28 before the opening bell. Last quarter, the company posted a negative earnings surprise of 5.88%. Moreover, it has delivered negative earnings surprises in three of the trailing four quarters, resulting in an average negative earnings surprise of 7.56%.
Furthermore, we note that the company’s shares have decreased 15.5% in the last one year, wider than the industry ’s loss of 5.3%.
Let’s see how things are shaping up prior to this announcement.
Factors to Consider
Iron Mountain’s diversified revenue base remains a positive. Additionally, a strong product portfolio and increasing market share are growth catalysts.
Notably last month, the company announced the release of a new website InfoGoTo.com, which it claims is the industry's first free resource designed to help professionals by providing them with expert advice and commentary, best practices, news items as well as opportunities for peer networking.
However, Iron Mountain’s Service revenues remain modest due to falling activity rates as stored records are becoming less active. In addition, the storage and information management services industry remains a highly fragmented industry with intensifying competition. Further, the company’s highly-leveraged balance sheet remains a concern.
Iron Mountain Incorporated Price and EPS Surprise
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