Extra Space Storage Q3 FFO $2.02 Misses $2.03 Estimate, Sales $650.89M Beat $612.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Extra Space Storage (NYSE:EXR) reported Q3 earnings of $2.02 per share, missing the analyst consensus estimate of $2.03 by 0.49 percent. This is a 8.6 percent decrease from the same period last year. However, the company reported quarterly sales of $650.89 million, beating the analyst consensus estimate of $612.85 million by 6.21 percent, a 51.80 percent increase from the same period last year.
November 07, 2023 | 9:27 pm
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NEUTRAL IMPACT
Extra Space Storage's Q3 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
Extra Space Storage's earnings miss could negatively impact the stock price, but the significant sales beat could counteract this. The mixed results make the short-term price direction uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100