Public Storage (NYSE:PSA) reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Public Storage beat estimated earnings by 57.33%, reporting an EPS of $3.65 versus an estimate of $2.32.

Revenue was up $200.67 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.1 which was followed by a 3.23% increase in the share price the next day.

Here's a look at Public Storage's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Public Storage management provided guidance for FY 2022, expecting earnings between $14.75 and $15.65 per share.

To track all earnings releases for Public Storage visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.