Life Storage Inc reports results for the quarter ended in December - Earnings Summary

Life Storage

24/02/2023 03:30

* Life Storage Inc  LSI.N  reported quarterly adjusted
earnings of
$1.10​​ per share for the quarter ended in December. The mean
expectation of five analysts for the quarter was for earnings of
$1.07 per share.
    * Revenue rose 24.2% to $274.68 million from a year ago;
analysts
expected $269.37 million. 
    * Life Storage Inc's reported EPS for the quarter was
$1.10​.
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Life Storage Inc shares had risen by 23.5% this quarter.
    * The company reported quarterly net income of $93.78
million.
    * Wall Street's median 12-month price target for Life
Storage Inc
is $122.00 
    * 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." 

This summary was machine generated from Refinitiv data February
24 at 03:30 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.64           1.36 thousand  Beat
 Sep. 30 2022      1.67           1.73           Beat
 Jun. 30 2022      1.53           1.65           Beat
 Mar. 31 2022      1.41           1.44           Beat