Iron Mountain likely to grow earnings in Q1, but stock considered fully valued

seekingalpha05-02

Iron Mountain (NYSE:IRM) is estimated to grow earnings when it announces Q1 results on Thursday, May 2nd, before market open, but the stock is considered fully valued. The consensus FFO estimate is $...

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The consensus FFO estimate is $...</p>\n\n<a href=\"https://seekingalpha.com/news/4097711-iron-mountain-likely-to-grow-earnings-in-q1-but-stock-considered-fully-valued\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Iron Mountain likely to grow earnings in Q1, but stock considered fully valued</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIron Mountain likely to grow earnings in Q1, but stock considered fully valued\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-02 02:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4097711-iron-mountain-likely-to-grow-earnings-in-q1-but-stock-considered-fully-valued><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Iron Mountain (NYSE:IRM) is estimated to grow earnings when it announces Q1 results on Thursday, May 2nd, before market open, but the stock is considered fully valued. The consensus FFO estimate is $...</p>\n\n<a href=\"https://seekingalpha.com/news/4097711-iron-mountain-likely-to-grow-earnings-in-q1-but-stock-considered-fully-valued\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IRM","symbol_name":"爱恩铁山","start_time":0,"source_url":"https://seekingalpha.com/news/4097711-iron-mountain-likely-to-grow-earnings-in-q1-but-stock-considered-fully-valued","article_id":"2432433687","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1357688956/image_1357688956.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432433687","pubTimestamp":1714586741,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Iron Mountain (NYSE:IRM) is estimated to grow earnings when it announces Q1 results on Thursday, May 2nd, before market open, but the stock is considered fully valued. The consensus FFO estimate is $0","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"IRM":"爱恩铁山"},"translate_title":"Iron Mountain在Q1的收益可能增长，但股票被认为是完全估值的","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IRM":1},"content_text":"Iron Mountain (NYSE:IRM) is estimated to grow earnings when it announces Q1 results on Thursday, May 2nd, before market open, but the stock is considered fully valued. The consensus FFO estimate is $0.92 (+28.87% Y/Y) and the consensus revenue estimate is $1.45B (+10.53% Y/Y). The provider of document storage services and data centers topped the Q4 2023 FFO consensus estimate but lagged the revenue expectations, although both the metrics showed a significant increase sequentially and from a year ago. The FFO guidance was said to be not comparable with the consensus, as Iron Mountain had changed its calculation of adjusted FFO to exclude amortization of capitalized commission. The company issued a strong 2024 guidance. IRM had trailed Q3 2023 earnings, revenue consensus; Q2 2023 revenue beat, but earnings missed; and Q1 FFO surpassed Wall Street expectations, but revenue fell short. Despite the lag in terms of Wall Street estimates, the real estate investment trust has clearly shown steady growth across all metrics, not only in Q4 but since the past few quarters. Street analysts remain positive on the stock, with the sell-side analysts grading IRM as Buy. A recovery in semi-component prices is expected to drive an upside in the company's IT Asset Lifecycle Management business as companies upgrade their datacenters in the wake of increased AI/cloud adoption, analysts from Goldman Sachs said in a recent research note. The stock, which currently trades at $77.73, has seen robust earnings growth, driven by plenty of catalysts. Also, consensus estimates project continued growth in the next 2-3 years. \"However, I consider it fully valued now and am concerned about its rising debt levels and profit pressure going forward,\" said Seeking Alpha analyst Sensor Unlimited. Iron Mountain's balance sheet is junk-rated, but leverage is at its lowest level in a decade and liquidity is improving. Part of the REIT's gains have more to do with sentiment than fundamentals, however, with shares trading well above fair value, according to SA contributor Kody's Dividends. SA analysts as well as the Quant Rating system rate the stock as Hold. Iron Mountain is among the few REITs trading at a premium to their net asset value per share estimate. An S&P Global Market Intelligence data showed that the company's consensus NAV estimate as of March 28 stood at $58.90, while the stock closed Q1 at $80.21. Short interest on the stock stands at 3.39% of the total float, which comes to 9.84M shares.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432433687"}