Extra Space Storage Earnings Preview

Watch Extra Space Storage's (NYSE: EXR  ) earnings report to see if it can beat analyst expectations for the fifth consecutive quarter. The company will unveil its latest earnings Thursday, July 28. Extra Space Storage is a real estate investment trust formed to own, operate, manage, acquire, develop, and redevelop professionally managed self-storage facilities.

What analysts say

  • Buy, sell, or hold?: Analysts think investors should stand pat on Extra Space Storage with seven of 13 analysts rating it hold. Analysts don't like Extra Space Storage as much as competitor Sovran Self Storage overall. Four out of 10 analysts rate Sovran Self Storage a buy compared to five of 13 for Extra Space Storage. Analyst ratings of Extra Space Storage have stayed constant from three months prior.
  • Revenue forecasts: On average, analysts predict $68.8 million in revenue this quarter. That would be equal with the year-ago quarter.
  • Wall Street earnings expectations: The average analyst estimate is earnings of $0.26 per share. Estimates range from $0.25 to $0.29.

What our community says
CAPS All-Stars are solidly backing the stock with 80% giving it an "outperform" rating. The community at large agrees with the All-Stars, with 83.1% assigning it a rating of "outperform." Fools are bullish on Extra Space Storage, though the message boards have been quiet lately with only 38 posts in the past 30 days. Extra Space Storage's bearish CAPS rating of two out of five stars falls short of the Fool community sentiment.

Management
Extra Space Storage's profit has risen year over year by an average of 7.4%. Revenue has now gone up for three straight quarters.

Now let's look at how efficient management is at running the business. Traditionally, margins represent the efficiency with which companies capture portions of sales dollars. The following table shows net margins over the past four quarters.

Quarter

Q1

Q4

Q3

Q2

Net Margin

11.1%

12.2%

10.7%

9.0%

For all our Extra Space Storage-specific analysis, including earnings and beyond, add Extra Space Storage to My Watchlist.

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