Iron Mountain (NYSE: IRM ) reported earnings on Feb. 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Iron Mountain met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.
Margins contracted across the board.
Iron Mountain tallied revenue of $758.5 million. The nine analysts polled by S&P Capital IQ expected to see sales of $751.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.20. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.25 per share. Non-GAAP EPS of $0.20 for Q4 were 39% lower than the prior-year quarter's $0.33 per share. (The prior-year quarter included -$0.20 per share in earnings from discontinued operations.) GAAP EPS of $0.14 for Q4 were 22% lower than the prior-year quarter's $0.18 per share. (The prior-year quarter included -$0.20 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 55.4%, 280 basis points worse than the prior-year quarter. Operating margin was 14.3%, 750 basis points worse than the prior-year quarter. Net margin was 3.4%, 100 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $763.3 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $3.07 billion. The average EPS estimate is $1.23.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 275 members out of 300 rating the stock outperform, and 25 members rating it underperform. Among 120 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 111 give Iron Mountain a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Iron Mountain is outperform, with an average price target of $40.00.
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