Extra Space Storage Inc (NYSE:EXR) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.78 per share from revenue of $ 283.30 million.
Looking ahead, the full year income are expected at $ 3.18 per share on the revenues of $ 1133.71 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.99 ~ $ 5.08 per share
Click Here For More Historical Outlooks Of Extra Space Storage Inc
Previous Quarter Performance
Extra Space Storage Inc posted income for the second quarter of $ 1.23 per share, from the revenue of $ 279.31 million. The quarterly earnings 59.74 percent while revenues decreased 7.15 percent compared with the same quarter last year.
According to street consensus, EXR was expected to report 2Q20 income of $ 0.73 per share from revenue of $ 285.54 million. The bottom line results beat street analysts by $ 0.5 or 68.49 percent, at the same time, top line results fell short of analysts by $ 6.23 million or 2.18 percent.
Stock Performance
Shares of Extra Space Storage Inc traded up $ 1.00 or 0.86 percent on Tuesday, reaching $ 116.85 with volume of 1.87 million shares. Extra Space Storage Inc has traded high as $ 117.53 and has cracked $ 115.60 on the downward trend
According to the previous trading day, closing price of $ 116.85, representing a 59.35 % increase from the 52 week low of $ 72.70 and a 3.69 % decrease over the 52 week high of $ 120.29.
The company has a market capital of $ 15.10 billion and is part of the Real Estate sector and REIT – Industrial industry.
Recent Analyst recommendations
- On 13th October 2020, upgraded by Jefferies Financial Group to Buy from Hold rating, with $ 135.00 target price.
- On 6th October 2020, upgraded by Raymond James to Market Perform from Underperform rating.
- On 21st September 2020, maintained by Morgan Stanley at Underweight rating, with $ 94.00 target price.
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of June 30, 2019, the Company owned and/or operated 1,752 self-storage stores in 40 states, Washington, D.C. and Puerto Rico.
