Our estimate for the same indicates growth of 7.6% year over year. The consensus estimate for service revenues is pegged at $531.5 million, indicating a rise of 4.3% from the prior quarter’s $509.6 million and an increase of 6.9% from the year-ago quarter’s $496.9 million. The company’s service revenues, which comprise charges for related core service activities and a wide array of complementary products and services, are expected to have improved during the quarter. Our estimate for the same suggests an increase of 3.7% year over year. The Zacks Consensus Estimate for storage rental revenues is pegged at $783.1 million, suggesting a 1.8% improvement from the prior quarter’s $769.5 million and 4.3% from the year-ago period’s $751.1 million. These are expected to have led to stable storage rental revenue generation during the quarter, boosting its top line. Also, we expect the company to have maintained a high customer retention rate during the quarter.Īdditionally, Iron Mountain’s diversified tenant and revenue base across different industries and geographical locations is likely to have been a boon. It derives the majority of its revenues from fixed periodic (usually earned on a monthly basis) storage rental fees charged to customers based on the volume of their records stored. Iron Mountain’s first-quarter earnings are likely to have benefited from its stable and resilient core storage and records management businesses. Iron Mountain Incorporated price-eps-surprise | Iron Mountain Incorporated Quote Factors to Note ![]() Iron Mountain Incorporated Price and EPS Surprise
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