In the heart of the second-quarter earnings season, self-storage giant Public Storage (NYSE:PSA) might not rank as one of the more exciting names. Indeed, you could make the argument that it's one of the less-inspiring scheduled events. Since the start of the year, PSA stock has dipped almost 4%, a consequence of broader industry softness. Yet the potential calm before the storm could make PSA intriguing for bold speculators.
First, it's quite possible that low expectations may provide a tailwind for Public Storage when it releases second-quarter results on Wednesday after the close. Frankly, the company hasn't had a great record, consistently missing against analysts' expectations for revenue — and occasionally falling short of bottom-line targets as well. Obviously, that's not great but with the bar lowered, a decent result may lead to an outsized move for PSA stock.
