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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Public Storage has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
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)

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