Extra Space Earnings Estimate
| EXR Stock | USD 168.14 1.26 0.76% |
Extra Space Revenue Breakdown by Earning Segment
By analyzing Extra Space's earnings estimates, investors can diagnose different trends across Extra Space's analyst sentiment over time as well as compare current estimates against different timeframes. At this time, Extra Space's Gross Profit is relatively stable compared to the past year. As of 11/25/2024, Net Profit Margin is likely to grow to 0.33, while Pretax Profit Margin is likely to drop 0.21.
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Extra Space Earnings per Share Projection vs Actual
About Extra Space Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Extra Space earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Extra Space estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Extra Space fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.| Last Reported | Projected for Next Year | ||
| Retained Earnings | -379 M | -360.1 M | |
| Retained Earnings Total Equity | -147.5 M | -154.9 M | |
| Earnings Yield | 0.03 | 0.03 | |
| Price Earnings Ratio | 33.78 | 35.47 | |
| Price Earnings To Growth Ratio | (1.30) | (1.36) |
Pair Trading with Extra Space
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Extra Space position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Extra Space will appreciate offsetting losses from the drop in the long position's value.Moving together with Extra Stock
Moving against Extra Stock
| 0.76 | AKR | Acadia Realty Trust | PairCorr |
| 0.7 | UE | Urban Edge Properties | PairCorr |
| 0.64 | WELL | Welltower | PairCorr |
| 0.5 | EQIX | Equinix | PairCorr |
| 0.44 | AAT | American Assets Trust | PairCorr |
The ability to find closely correlated positions to Extra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extra Space when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Extra Space - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Extra Space Storage to buy it.
The correlation of Extra Space is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Extra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Extra Space Storage moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Extra Space can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Extra Stock Analysis
When running Extra Space's price analysis, check to measure Extra Space's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Extra Space is operating at the current time. Most of Extra Space's value examination focuses on studying past and present price action to predict the probability of Extra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extra Space's price. Additionally, you may evaluate how the addition of Extra Space to your portfolios can decrease your overall portfolio volatility.