Life Storage Inc expected to post earnings of $1.07 a share - Earnings Preview

Life Storage

22/02/2023 03:05

* Life Storage Inc  LSI.N   LSI  is expected to show a rise
in
quarterly revenue when it reports  results on February 23. 
    * The Williamsville New York-based  company is expected to
report 
a 21.8% increase in revenue to $269.368 million from $221.16
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Life Storage Inc is
for
earnings of $1.07 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 8
"hold" and no "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 Life
Storage Inc
is $122​, below​ its last closing price of $123.97. ​​​

The company's guidance on November 2 2022 for the period ended
December 31 was for Funds Flow from Operations between USD1.6
and USD1.64.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  1.67        1.67       1.73      Beat    3.8
 Jun. 30 2022  1.52        1.53       1.65      Beat    7.9
 Mar. 31 2022  1.41        1.41       1.44      Beat    2​
 Dec. 31 2021  1.35        1.35       1.41      Beat    4.8
 ​​Sep.        1.29        1.28       1.37      Beat    6.7
 30 2021                                                
 Jun. 30 2021  1.15        1.15       1.20      Beat    4.7​
 Mar. 31 2021  1.01        1.01       1.08      Beat    6.6
 Dec. 31 2020  1.03        1.03       1.02      Missed  -0.7
 This summary was machine generated February 22 at 03:05 GMT. 
All figures in US dollars  unless otherwise stated