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Iron Mountain Q4 Earnings Preview
Posted February 21, 2012
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Iron Mountain (NYSE:IRM) is a global full-service provider of information management and related services for all media. The company is scheduled to report its fourth quarter earnings on Thursday, February 23, 2012.
Expectations: Analysts are projecting earnings of 30 cents per share, matching that number from a year ago. Analysts are projecting earnings of $1.23 per share for the fiscal year. The company's revenue is expected to fall short of last year's reported $788.7 million by 5.3% to come in at $747 million for the quarter. Expected revenue for the fiscal year is $3.04 billion.
Performance: Revenue has been decreasing for the last two quarters. It dropped 1.3% to $772.1 million in third quarter. In the previous quarter, the figure declined 2.2%. Over the past quarter, the stock price has increased from $28.66 on November 22, 2011 to $30.93. Iron Mountain's best recent streak was when its price gained $1.30 per share between December 20, 2011 and January 19, 2012.
Ratings: Most analysts (seven of 10) rate Iron Mountain a hold. Analysts have become increasingly pessimistic about the stock, as the number of buy ratings has dropped slightly over the last three months.
Earnings estimates provided by Zacks.
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