Market Overview

Public Storage Earnings Preview: Higher Revenue Expected

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Public Storage (NYSE: PSA) unveils its next round of earnings this Thursday, August 4, 2011. Get the latest predictions in Benzinga's essential guide to the company's second quarter earnings report.

Earnings and Revenue:

Analysts are predicting an EPS reading of $1.38/share and revenues of $394.8 million. Investors will be keen to see how this quarter's numbers stack up against the year-ago quarter's positive EPS of $1.27/share on revenues of $373.9 million. We'll have to wait for Thursday to see if Public Storage falls in line with analyst expectations and reports an estimated increase in both EPS and revenue from the year-ago quarter.

Stock Performance:

At last check, shares of Public Storage were trading at $119.63. Since January 1st, shares of Public Storage have given investors a return of 19.8%. For a full 12 months, the return has risen by 22.7%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

  • Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for Public Storage is a Hold. This rating has strengthened slightly over the past ninety days.

Competitors:

Want to check out the performance of Public Storage closest competitors? Take a look at some of the company's peers in the financials sector.

  • Extra Space Storage (NYSE: EXR): Hold with a $0.27 recent quarter EPS
  • PS Business Parks (NYSE: PSB): Hold with a $1.32 recent quarter EPS
  • Sovran Self Storage (NYSE: SSS): Hold with a $0.62 recent quarter EPS
  • U-Store-It (NYSE: YSI): Hold with a $0.14 recent quarter EPS

Public Storage is in the REIT-equity trust/other industry, which has experienced price/earnings growth of 2.5%.

Finally, a description of the company's main areas of operation: Public Storage is a real estate investment trust (REIT) with a focus on the acquisition, development, ownership and operation of self-storage facilities. The company provides individuals and businesses with storage spaces for lease, generally on a month-to-month basis.

Take Action:

That's your advanced look at Public Storage's upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

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