Life Storage Inc expected to post earnings of $1.10 a share - Earnings Preview

Life Storage

31/10/2022 21:32

* Life Storage Inc  LSI.N   LSI  is expected to show a rise
in
quarterly revenue when it reports  results on November 2. 
    * The Williamsville New York-based  company is expected to
report 
a 26.5% increase in revenue to $263.356 million from $208.26
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 $1.10 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 6
"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 $144​, above​ its last closing price of $110.61. ​​​

The company's guidance on August 3 2022 for the period ended
September 30 was for Funds Flow from Operations between USD1.62
and USD1.66.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2021  1.29        1.28       1.37      Beat    6.7
 ​​Jun.        1.15        1.15       1.20      Beat    4.7
 30 2021                                                
 Mar. 31 2021  1.01        1.01       1.08      Beat    6.6​
 Dec. 31 2020  1.03        1.03       1.02      Missed  -0.7
 Sep. 30 2020  0.98        0.99       1.01      Beat    2.7
 This summary was machine generated October 31 at 21:32 GMT.  All
figures in US dollars  unless otherwise stated