Core Viewpoint - Analysts expect Extra Space Storage (EXR) to report quarterly earnings of $2.06 per share, indicating no change from the previous year, with revenues projected at $835.79 million, reflecting a 3.1% increase year-over-year [1]. Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [2]. Key Metrics Projections - Analysts project 'Property rental' revenue to reach $716.45 million, a 2.8% increase from the prior year [4]. - 'Management and franchise fees' are expected to be $31.52 million, indicating a 5.6% year-over-year increase [4]. - 'Tenant insurance' revenue is estimated at $86.35 million, reflecting a 3.2% increase from the previous year [4]. - 'Same-store rental revenue' is projected at $531.07 million, showing a significant 26.7% increase year-over-year [5]. - 'Same-store square foot occupancy' is expected to reach 94.4%, slightly up from 94.3% in the previous year [5]. - 'Depreciation and amortization' is estimated at $178.73 million [6]. Stock Performance - Extra Space Storage shares have increased by 3.4% over the past month, compared to a 4.9% increase in the Zacks S&P 500 composite, with a Zacks Rank of 3 (Hold), indicating expected performance in line with the overall market [7].