Abstract
U-Haul will report fiscal fourth-quarter results on May 27, 2026 Post Market; investors will focus on rental demand trends, storage monetization, and margin stabilization as consensus points to higher revenue and mixed earnings.
Market Forecast
For the current quarter, market models indicate revenue of 1.25 billion US dollars with an estimated year-over-year increase of 12.86%, EBIT of -76.18 million US dollars with an estimated year-over-year change of -1,063.80%, and EPS of -0.68 with an estimated year-over-year change of -300.00%. Forecasted gross margin, net margin, and adjusted EPS were not provided in the company outlook; however, revenue growth is expected to be supported by expanded rental equipment availability and resilient self-storage occupancy. The company’s main business, do-it-yourself moving equipment rentals, is projected to see healthy traction supported by seasonal demand, while self-storage is positioned as the most promising growth contributor given its recurring revenue profile and network expansion.
Last Quarter Review
In the previous quarter, U-Haul delivered revenue of 1.42 billion US dollars, a gross margin of 25.54%, a GAAP net loss attributable to the parent company of 36.97 million US dollars with a net margin of -2.61%, and adjusted EPS was not disclosed on the data feed; year-over-year changes for these metrics were mixed. Notably, the quarter saw stable top-line trends despite a seasonal net loss and a sequential margin pressure consistent with winter softness. Main business revenue composition was led by do-it-yourself moving equipment rentals at 886.17 million US dollars, followed by self-storage at 245.06 million US dollars; other products and services contributed 111.17 million US dollars, while insurance and investment-related items added smaller portions.
Current Quarter Outlook
DIY Moving Equipment Rentals
The rental fleet’s utilization and pricing are key swing factors for this quarter’s revenue and profitability. Seasonal demand typically improves into spring and early summer, which can lift transaction volumes and reduce idle time for trucks and trailers, helping operating leverage even if unit pricing remains disciplined. The revenue base from moving equipment rentals drove approximately 886.17 million US dollars last quarter, and better seasonal throughput could translate into mid-to-high single-digit sequential revenue improvement, reinforcing the guidance path embedded in the 12.86% year-over-year revenue forecast. Monitoring fleet availability and maintenance expense per unit will be crucial for margin recovery relative to the winter quarter.
Self-Storage Platform
Self-storage remains a defensive, recurring revenue stream, with opportunities to expand stabilized occupancy and adjust street rates as demand firms into late spring. The business posted 245.06 million US dollars in the last quarter, and continued site additions and lease-up of newer facilities could support above-company-average growth rates. Pricing discipline, move-in promotions tapering, and improving mix toward stabilized properties are expected to underpin revenue resilience even as broader real estate markets normalize. This segment can partially offset volatility in rentals, providing steadier cash flow even when moving demand fluctuates.
Stock Price Drivers This Quarter
Earnings sensitivity hinges on operating leverage in rentals and the cadence of storage lease-up, with EBIT guided at -76.18 million US dollars and EPS at -0.68 suggesting near-term margin compression despite revenue growth. Investors will also parse any commentary on fleet refresh cycles and capex pacing, as depreciation and maintenance can weigh on EBIT during expansion periods. Finally, management’s color on rate trends in both rentals and storage—plus occupancy progression in recent openings—will shape expectations for summer profitability and the trajectory into the next fiscal quarter.
Analyst Opinions
Across recent commentary, the balance of opinion skews cautiously bullish, with a majority expecting solid top-line growth driven by seasonal recovery in rentals and steady storage performance, while acknowledging near-term EBIT pressure. Analysts emphasize the combination of a broad rental network and growing storage footprint as supportive of mid-teens revenue growth exiting spring, even if EPS remains seasonally negative in the fiscal fourth quarter. The prevailing view is that positive revenue inflection, evidence of improved fleet utilization, and constructive storage occupancy updates would be catalysts for re-rating as the company enters peak moving season.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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