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Iron Mountain (IRM) Dips More Than Broader Markets: What You Should Know

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Iron Mountain (IRM - Free Report) closed at $50.53 in the latest trading session, marking a -1.67% move from the prior day. This move lagged the S&P 500's daily loss of 1.3%. Meanwhile, the Dow lost 0.69%, and the Nasdaq, a tech-heavy index, lost 0.45%.

Prior to today's trading, shares of the real estate investment trust had gained 14.79% over the past month. This has outpaced the Finance sector's loss of 7.02% and the S&P 500's loss of 5.33% in that time.

Iron Mountain will be looking to display strength as it nears its next earnings release. In that report, analysts expect Iron Mountain to post earnings of $0.70 per share. This would mark a year-over-year decline of 13.58%. Our most recent consensus estimate is calling for quarterly revenue of $1.21 billion, up 11.97% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.13 per share and revenue of $5.19 billion. These totals would mark changes of +13.41% and +15.48%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for Iron Mountain. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.8% higher. Iron Mountain currently has a Zacks Rank of #2 (Buy).

Investors should also note Iron Mountain's current valuation metrics, including its Forward P/E ratio of 16.44. This valuation marks a premium compared to its industry's average Forward P/E of 15.12.

The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 41% 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.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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