Unlocking Q4 Potential of National Storage (NSA): Exploring Wall Street Estimates for Key Metrics

Core Insights - National Storage (NSA) is expected to report quarterly earnings of $0.58 per share, reflecting a decline of 14.7% year-over-year [1] - Analysts forecast revenues of $191.58 million, indicating a decrease of 11.1% compared to the previous year [1] Earnings Projections - The consensus EPS estimate has been revised upward by 0.7% over the past 30 days, indicating a collective reassessment by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Revenue Estimates - Analysts project 'Revenue- Management fees and other revenue' to reach $10.78 million, a change of +16.9% from the prior-year quarter [5] - 'Revenue- Rental revenue' is expected to be $173.35 million, reflecting a decrease of 12.8% from the previous year [5] - The consensus estimate for 'Revenue- Other property-related revenue' stands at $7.15 million, indicating a decline of 4.7% year-over-year [5] Depreciation and Amortization - The consensus for 'Depreciation and amortization' is estimated at $48.68 million, down from $53.99 million reported in the same quarter last year [6] Stock Performance - National Storage shares have increased by 0.3% over the past month, contrasting with a -1.8% change in the Zacks S&P 500 composite [6] - The company holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [6]