Extra Space Storage Inc expected to post earnings of $1.21 a share - Earnings Preview

Extra Space Storage

23/02/2024 21:46

* Extra Space Storage Inc  EXR.N   EXR  is expected to show
a rise
in quarterly revenue when it reports  results on February 27 for
the period ending December 31 2023
    * The Salt Lake City Utah-based  company is expected to
report a
42.2% increase in revenue to $720.806 million from $506.72
million a year ago, according to the mean estimate from 10
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 $1.21 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 11
"hold" and 1 "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 $158.00​, above​ its last closing price
of $141.39. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  2.05        2.06       2.02      Missed  -2​
 Dec. 31 2022  2.08        2.07       2.09      Beat    1.1
 ​​Sep.        2.19        2.19       2.21      Beat    1
 30 2022                                                
 Jun. 30 2022  2.03        2.03       2.13      Beat    4.7​
 Mar. 31 2022  1.89        1.87       2.01      Beat    7.4
 Dec. 31 2021  1.86        1.87       1.91      Beat    2.4
 This summary was machine generated February 23 at 21:46 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)