Public Storage Earnings Preview: Higher Revenue Expected

Public Storage 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 EXR: Hold with a $0.27 recent quarter EPS
• PS Business Parks PSB: Hold with a $1.32 recent quarter EPS
• Sovran Self Storage SSS: Hold with a $0.62 recent quarter EPS
• U-Store-It 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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