Unveiling Extra Space Storage (EXR) Q4 Outlook: Wall Street Estimates for Key Metrics

Core Insights - Analysts project Extra Space Storage (EXR) to announce quarterly earnings of $2.02 per share, indicating no change year over year, with revenues expected to reach$831.54 million, reflecting a 4.2% increase from the same quarter last year [1] Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock price performance [2] Key Metrics Forecast - Analysts forecast 'Property rental' revenue to reach $702.00 million, indicating a year-over-year change of +0.7$30.05 million, suggesting a year-over-year decline of -1.1% [4] - The consensus estimate for 'Tenant insurance' stands at $83.50 million, indicating a significant year-over-year increase of +18.6$196.12 million, slightly down from the year-ago figure of $196.14 million [5] Stock Performance - Shares of Extra Space Storage have experienced a +2.5% change in the past month, compared to a +2.6% move of the Zacks S&P 500 composite, with a Zacks Rank 3 (Hold) indicating expected performance in line with the overall market [5]