Public Storage: Here’s What Investors Need to Know Before Earnings
Public Storage (NYSE:PSA) will report earnings after markets close on Thursday, May 9th. Public Storage is a real estate investment trust. The trust’s principal business activities include the acquisition, development, ownership and operation of self-storage facilities in the United States. Public Storage also own an equity interest in an owner and operator of self-storage facilities in Europe.
Here is your Cheat Sheet to Public Storage Earnings:
Earnings Expectations: Analysts expect earnings of $1.62 per share on revenues of $429.43 million. Currently, the company’s P/E ratio stands at 42.48.
Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.76 and has not changed. For the current year, the average estimate is a profit of $7.16, which is better than the estimate ninety days ago.
Here’s how Public Storage has been performing on an annual basis:
|Revenue ($) in millions||1,720||1,623||1,614||1,718||1,827|
|Diluted EPS ($)||4.18||3.47||2.35||3.29||3.90|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||437.04||442.62||457.74||472.93||465.45|
|Diluted EPS ($)||0.9582||0.73||0.77||1.18||1.218|
Public Storage has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)