Iron Mountain (IRM) closed at $31.41 in the latest trading session, marking a -0.91% move from the prior day. This change was narrower than the S&P 500's 2.81% loss on the day. Elsewhere, the Dow lost 2.94%, while the tech-heavy Nasdaq lost 3%.
Heading into today, shares of the real estate investment trust had lost 0.47% over the past month, outpacing the Finance sector's loss of 5.35% and the S&P 500's loss of 3.97% in that time.
Wall Street will be looking for positivity from IRM as it approaches its next earnings report date. The company is expected to report EPS of $0.56, up 16.67% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.08 billion, up 2.4% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.42 per share and revenue of $4.40 billion. These totals would mark changes of +5.68% and +3.24%, respectively, from last year.
Any recent changes to analyst estimates for IRM should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.16% lower. IRM currently has a Zacks Rank of #3 (Hold).
In terms of valuation, IRM is currently trading at a Forward P/E ratio of 13.13. This valuation marks a discount compared to its industry's average Forward P/E of 14.85.
It is also worth noting that IRM currently has a PEG ratio of 3.09. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. REIT and Equity Trust - Other stocks are, on average, holding a PEG ratio of 3.24 based on yesterday's closing prices.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow IRM in the coming trading sessions, be sure to utilize Zacks.com.
Iron Mountain Incorporated (NYSE:IRM
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Zacks Investment Research