Extra Space Storage Inc. (EXR) earnings on April 28, 2026
More Extra Space Storage Inc. earnings
Prior outlook: Optimistic Outcome: Partial
After reporting earnings, the stock swung between gains and losses during the day before closing slightly lower.
EXR price around the earnings
140.55
Change: -0.3%
2026-04-29, 19:59 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Partial
- Thesis published
Modest growth expected, but upside appears limited.
Analysts expect modest growth, and the stock's recent price trend has improved. However, the price may be nearing a point where it struggles to go higher, limiting potential gains.
Context analyzed before publication
- Summary
- Modest growth is expected; the scenario suggests limited upside potential.
- Reasoning
- Analysts expect modest growth, and the stock's recent price trend has improved. However, the scenario suggests the price may be approaching a reference level where it has historically struggled to move higher, limiting potential gains.
- Playbook
- While the recent trend is positive, the limited potential for further price increases points to a less optimistic scenario.
- Trend
- Analyst confidence improving slightly.
Analysts
Drivers
-
Analysts
Neutral
Analysts recommend buying the stock but have a limited outlook. This suggests the scenario may not support significant short-term gains.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 2.33
- Analysts covering the stock
- 20
- Average price target
- 152
- Lowest price target
- 140
- Highest price target
- 178
- Upside to price target
- 5%
- Quarterly earnings growth
- 9.5%
- Revenue growth
- 4.6%
- Forward EPS
- 4.79
- Trailing EPS
- 4.58
- Analyst moves in the last 60 days
- 6
- Strong buy: 3
- Buy: 6
- Hold: 11
- Sell: 0
- Strong sell: 1
- Strong buy
- 3
- Buy
- 6
- Hold
- 11
- Sell
- 0
- Strong sell
- 1
- April 16, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- March 23, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
- March 5, 2026 · Barclays: Maintains rating (Overweight → Overweight)
- March 2, 2026 · Scotiabank: Maintains rating (Sector Perform → Sector Perform)
- February 23, 2026 · RBC Capital: Maintains rating (Sector Perform → Sector Perform)
- February 23, 2026 · Evercore ISI Group: Maintains rating (In-Line → In-Line)
News and sentiment
Drivers
-
News & sentiment
Neutral
Market sentiment and analyst opinions are balanced, with no strong indication of whether the stock price will move significantly higher or lower.
Evidence
Sentiment
- Sentiment
- Neutral
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (2)
- Wells Fargo Maintains Overweight on Extra Space Storage, Lowers Price Target to $148 — Benzinga
- JP Morgan Maintains Neutral on Extra Space Storage, Raises Price Target to $144 — Benzinga
Technicals
Drivers
-
Technical
Neutral
The stock's price has shown positive movement recently. However, it is approaching a price level where it has struggled to move higher in the past.
Evidence
- Average true range (ATR)
- 1.9%
- Distance to 52-week high
- -6.7%
- 14-day change (14d)
- +9.1%
- 30-day change
- -1.6%
- 30-day relative strength
- -5.7%
- Benchmark change
- +4.1%
- Nearest support
- 127.66
- Nearest resistance
- 148.39
- Volume accumulation ratio
- 1.03
Trends
Evidence
- Average earnings surprise
- +2.0%
- February 19, 2026: actual EPS 1.36 vs estimate 1.15 (surprise +17.9%)
- October 29, 2025: actual EPS 0.78 vs estimate 1.19 (surprise -34.2%)
- July 30, 2025: actual EPS 1.18 vs estimate 1.18 (surprise -0.2%)
- April 29, 2025: actual EPS 1.28 vs estimate 1.03 (surprise +24.6%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 4%
- 75th percentile move
- 6.1%
- 90th percentile move
- 10.1%
- Up / down moves
- 10 / 9
- Average up move
- +4.3%
- Average down move
- -5.2%
Monitoring and close
What Extra Space Storage Inc. reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Partial
- Consolidated
- -0.3%
- Max favorable move (MFE)
- 1%
- Max adverse move (MAE)
- 1.5%