Iron Mountain Sees FY24 AFFO $4.390-$4.51 Vs $3.14 Est.; Revenue $6.00B-$6.15B Vs $6.107B Est.
Portfolio Pulse from Benzinga Newsdesk
Iron Mountain has provided its financial outlook for FY24, projecting AFFO between $4.39 and $4.51, significantly higher than the estimated $3.14. The company also expects revenue to be in the range of $6.00 billion to $6.15 billion, compared to the estimated $6.107 billion.
August 01, 2024 | 10:47 am
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Iron Mountain's FY24 financial outlook shows a strong AFFO projection of $4.39-$4.51, well above the $3.14 estimate, and revenue expectations of $6.00B-$6.15B, aligning closely with the $6.107B estimate.
The strong AFFO projection significantly above estimates indicates robust financial health and potential for stock price appreciation. Revenue projections are in line with estimates, further supporting a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100