Extra Space Storage Inc expected to post earnings of $1.03 a share - Earnings Preview

Extra Space Storage

26/07/2024 21:40

* Extra Space Storage Inc  EXR.N   EXR  is expected to show
a rise
in quarterly revenue when it reports  results on July 30 for the
period ending June 30 2024
    * The Salt Lake City Utah-based  company is expected to
report a
65.3% increase in revenue to $728.755 million from $440.75
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (SAL basis is on Property Revenue
/ Total Revenue basis)
    * ​LSEG's mean analyst estimate for Extra Space Storage Inc
is for
earnings of $1.03 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 10
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Extra Space
Storage Inc is $160.00​, below​ its last closing price
of $160.69. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  1.94        1.95       1.87      Missed  -3.9
 Dec. 31 2024  2.03        2.02       1.89      Missed  -6.6
 Sep. 30 2023  2.02        1.92       2.02      Beat    5.2​
 Jun. 30 2023  2.15        2.14       2.06      Missed  -3.9
 ​​Mar.        2.05        2.06       2.02      Missed  -2
 31 2023                                                
 Dec. 31 2022  2.08        2.07       2.09      Beat    1.1​
 Sep. 30 2022  2.19        2.19       2.21      Beat    1
 Jun. 30 2022  2.03        2.03       2.13      Beat    4.7
 This summary was machine generated July 26 at 20:40 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)