* Extra Space Storage Inc reported quarterly adjusted earnings of 91 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 96 cents. The mean expectation of eight analysts for the quarter was for earnings of $1.12 per share. Wall Street expected results to range from $1.04 to $1.20 per share.
* Revenue fell 5% to $710.87 million from a year ago; analysts expected $757.26 million.
* Extra Space Storage Inc's reported EPS for the quarter was 91 cents.
* The company reported quarterly net income of $193.21 million.
* Extra Space Storage Inc shares had fallen by 7.1% this quarter and gained 4.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 0.5% in the last three months.
* In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 10 "hold" and 3 "sell" or "strong sell."
* The average consensus recommendation for the specialized reits peer group is also "hold"
Wall Street's median 12-month price target for Extra Space Storage Inc is 176.50 This summary was machine generated from LSEG data October 30 at 03:11 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 2.04 2.07 Beat
Jun. 30 2024 2.00 2.06 Beat
Mar. 31 2024 1.95 1.87 Missed
Dec. 31 2023 2.02 1.89 Missed