Portsmouth, New Hampshire-based Iron Mountain Incorporated (IRM) provides records management, data management solutions, and information destruction services. Valued at $30.8 billion by market cap, the company serves the banking, energy, entertainment, health care, insurance, law firms, life sciences, retail, and pharmaceutical industries. The global leader in information management services is expected to announce its fiscal third-quarter earnings for 2025 before the market opens on Wednesday, Nov. 5.
Ahead of the event, analysts expect IRM to report an FFO of $1.14 per share on a diluted basis, up 171.4% from $0.42 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s FFO estimates in its last four quarterly reports.
For the full year, analysts expect IRM to report FFO of $4.51 per share, up 154.8% from $1.77 per share in fiscal 2024. Its FFO is expected to rise 12.6% year over year to $5.08 per share in fiscal 2026.
IRM stock has considerably underperformed the S&P 500 Index’s ($SPX) 15.1% gains over the past 52 weeks, with shares down 15.4% during this period. Similarly, it underperformed the Real Estate Select Sector SPDR Fund’s (XLRE) 3.4% downtick over the same time frame.
IRM’s higher interest expenses slightly undermined its performance.
On Aug. 6, IRM shares closed down by 5.8% after reporting its Q2 results. Its adjusted EPS of $1.24 exceeded Wall Street expectations of $1.19. The company’s revenue was $1.71 billion, exceeding Wall Street's $1.68 billion forecast. IRM expects full-year adjusted EPS in the range of $5.04 to $5.13, and expects revenue in the range of $6.8 billion to $6.9 billion.
Analysts’ consensus opinion on IRM stock is reasonably bullish, with a “Moderate Buy” rating overall. Out of 11 analysts covering the stock, eight advise a “Strong Buy” rating, one suggests a “Moderate Buy,” and two recommend a “Strong Sell.” IRM’s average analyst price target is $115.50, indicating a potential upside of 10.6% from the current levels.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
