National Storage Q3 2024 FFO $0.62 Beats $0.60 Estimate, Sales $193.621M Beat $187.037M Estimate
Portfolio Pulse from Benzinga Newsdesk
National Storage (NYSE:NSA) reported Q3 2024 earnings per share of $0.62, surpassing the analyst estimate of $0.60. The company's sales were $193.621 million, exceeding the expected $187.037 million, despite a year-over-year decrease of 11.65%.
October 30, 2024 | 8:15 pm
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National Storage's Q3 2024 earnings and sales exceeded analyst expectations, with EPS at $0.62 and sales at $193.621M. However, sales decreased by 11.65% compared to the previous year.
The positive earnings surprise and sales exceeding expectations are likely to have a favorable impact on NSA's stock price in the short term. However, the year-over-year sales decline may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100