Ahead of Public Storage (PSA) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Core Insights - Analysts project Public Storage (PSA) will report quarterly earnings of $4.25 per share, a decline of 1.9% year over year, with revenues expected to reach $1.18 billion, an increase of 3.4% from the same quarter last year [1] - The consensus EPS estimate has been revised downward by 0.2% in the past 30 days, indicating a reassessment of initial estimates by covering analysts [1] - There is a strong correlation between earnings estimate revisions and short-term stock price performance, making these revisions critical for predicting investor behavior [1] Revenue Estimates - Analysts estimate 'Revenues- Self-storage facilities' at $1.11 billion, reflecting a year-over-year change of +2.5% [2] - 'Revenues- Ancillary operations' are projected to be $72.42 million, indicating an increase of +11.3% from the prior-year quarter [2] Occupancy and Earnings Metrics - 'Square Foot Occupancy' is projected to reach 92.7%, up from 92.1% reported in the same quarter last year [2] - Analysts suggest 'Net Earnings Per Share (Diluted)' will likely be $2.61, down from $3.20 in the same quarter last year [3] - 'Depreciation and amortization' is expected to reach $284.75 million, compared to $238.75 million a year ago [3] Stock Performance - Public Storage shares have returned -5.1% over the past month, contrasting with the Zacks S&P 500 composite's +1.4% change [3] - PSA holds a Zacks Rank 3 (Hold), indicating expectations to mirror overall market performance in the near future [3]