Seeking Clues to Extra Space Storage (EXR) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

Wall Street analysts expect Extra Space Storage (EXR) to post quarterly earnings of $2.06 per share in its upcoming report, which indicates no change from the year-ago quarter. Revenues are expected to be $835.79 million, up 3.1% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.With that in mind, let's delve into the average projections of some Extra Space Storage metrics that are commonly tracked and projected by analysts on Wall Street.It is projected by analysts that the 'Property rental' will reach $716.45 million. The estimate indicates a change of +2.8% from the prior-year quarter.Analysts forecast 'Management and franchise fees' to reach $31.52 million. The estimate suggests a change of +5.6% year over year.Based on the collective assessment of analysts, 'Tenant insurance' should arrive at $86.35 million. The estimate indicates a change of +3.2% from the prior-year quarter.The collective assessment of analysts points to an estimated 'Same-store rental revenue' of $531.07 million. The estimate points to a change of +26.7% from the year-ago quarter.Analysts' assessment points toward 'Same-store square foot occupancy' reaching 94.4%. The estimate compares to the year-ago value of 94.3%.The average prediction of analysts places 'Depreciation and amortization' at $178.73 million. View all Key Company Metrics for Extra Space Storage here>>> Extra Space Storage shares have witnessed a change of +3.4% in the past month, in contrast to the Zacks S&P 500 composite's +4.9% move. With a Zacks Rank #3 (Hold), EXR is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Extra Space Storage Inc (EXR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks