Iron Mountain Set to Reveal Q3 Earnings: Analysts Anticipate Growth

Iron Mountain Incorporated (IRM), headquartered in Portsmouth, New Hampshire, is poised to announce its fiscal third-quarter earnings for 2025 on November 5, before the market opens. As a global leader in records management, data management solutions, and information destruction services, the company holds a market valuation of approximately $30.8 billion. Its diverse client base includes sectors such as banking, healthcare, entertainment, and pharmaceuticals.

Analysts are predicting an impressive financial performance, with expectations of funds from operations (FFO) reaching $1.14 per share on a diluted basis. This figure represents a remarkable increase of 171.4% compared to $0.42 per share in the same quarter last year. Notably, Iron Mountain has consistently exceeded Wall Street’s FFO estimates in its previous four quarterly reports, reflecting a strong upward trend in its financial health.

Looking ahead, analysts forecast that Iron Mountain will report an FFO of $4.51 per share for the entire fiscal year, a significant rise of 154.8% from $1.77 per share in fiscal 2024. Expectations for fiscal 2026 are even more optimistic, with projections indicating an FFO increase of 12.6% year over year, potentially reaching $5.08 per share.

Despite these positive forecasts, IRM’s stock has faced challenges over the past year. The company’s shares have declined by 15.4% in the last 52 weeks, underperforming the S&P 500 Index, which saw gains of 15.1%. Similarly, IRM’s stock has lagged behind the Real Estate Select Sector SPDR Fund, which experienced a 3.4% decrease during the same period.

Higher interest expenses have slightly impacted Iron Mountain’s performance. In its most recent earnings report for Q2, released on August 6, IRM reported an adjusted earnings per share (EPS) of $1.24, surpassing Wall Street’s expectations of $1.19. The company generated revenues of $1.71 billion, exceeding the forecast of $1.68 billion. Additionally, Iron Mountain anticipates full-year adjusted EPS to fall between $5.04 and $5.13, with revenue projected between $6.8 billion and $6.9 billion.

The consensus among analysts remains cautiously optimistic regarding IRM stock. Out of 11 analysts covering the company, eight have issued a “Strong Buy” rating, one advocates for a “Moderate Buy,” and two recommend a “Strong Sell.” The average price target among analysts stands at $115.50, suggesting a potential upside of 10.6% from current levels.

As Iron Mountain prepares to unveil its quarterly earnings, market participants will be keenly observing the results to assess the company’s trajectory in the evolving information management landscape.