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

Life Storage

02/05/2023 23:02

* Life Storage Inc  LSI.N  reported quarterly adjusted
earnings of
96 cents​​ per share for the quarter ended in March. The mean
expectation of six analysts for the quarter was for earnings of
$1.03 per share.
    * Revenue rose 17.2% to $273.60 million from a year ago;
analysts
expected $268.25 million. 
    * Life Storage Inc's reported EPS for the quarter was 96
cents​.
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Life Storage Inc shares had risen by 2.6% this quarter and
gained 36.5% so far this year.
    * The company reported quarterly net income of $81.61
million.
    * Wall Street's median 12-month price target for Life
Storage Inc
is $140.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
2 at 10:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.62           1.63           Beat
 Dec. 31 2022      1.64           1.69           Beat
 Sep. 30 2022      1.67           1.73           Beat
 Jun. 30 2022      1.53           1.65           Beat