National Storage Q1 2024 GAAP EPS $0.60, Inline, Sales $173.87M Miss $191.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
National Storage (NYSE:NSA) reported Q1 2024 earnings of $0.60 per share, meeting analyst estimates, but missed revenue expectations with $173.87M against a forecast of $191.02M, marking a 16.41% decrease from the previous year.
May 01, 2024 | 8:06 pm
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National Storage reported Q1 2024 earnings per share of $0.60, aligning with estimates, but its revenue of $173.87M missed expectations by 8.98%, showing a significant year-over-year decline.
Missing revenue estimates by a significant margin and reporting a substantial year-over-year decline in sales are negative indicators that are likely to impact investor sentiment negatively in the short term. While meeting EPS estimates is positive, the revenue miss and the significant decrease in sales compared to the previous year are likely to weigh more heavily on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100