Abstract

U-Haul will report fiscal results on February 04, 2026 Post Market. This preview compiles the latest quarterly forecasts, prior-quarter actuals, key segment dynamics, and recent institutional views to frame the near-term earnings setup and potential stock drivers.

Market Forecast

Consensus-style projections suggest U-Haul’s current quarter revenue at USD 1.44 billion, with a YoY increase of 6.15%. Forecast EBIT is USD 69.11 million with YoY decline of 32.92%, forecast adjusted EPS is USD -0.03 with YoY decline of 106.25%, and no explicit guidance exists for gross margin or net margin; internal model signals point to margin compression versus last year. The main business is expected to remain dominated by Self-Moving Equipment Rentals, with a constructive outlook supported by seasonal demand normalization and network breadth. Self-Storage is positioned as the most promising segment, anticipated to extend multi-year expansion on unit additions and price optimization, though YoY growth was mixed last quarter.

Last Quarter Review

U-Haul’s previous quarter delivered revenue of USD 1.72 billion, gross profit margin of 32.72%, GAAP net profit attributable to the parent company of USD 106.00 million with quarter-on-quarter decline of 25.84%, net profit margin of 6.14%, and adjusted EPS of USD 0.49 with YoY decline of 46.15%. A notable highlight was resilient gross margin performance despite lower earnings and softer seasonal trends. Main business highlights: Self-Moving Equipment Rentals generated USD 1.11 billion, Self-Storage delivered USD 246.30 million, Self-Moving and Self-Storage products and services contributed USD 89.83 million, while Other, Insurance, and Investment & Interest collectively added incremental revenue; YoY growth details were not provided in the latest dataset.

Current Quarter Outlook

Self-Moving Equipment Rentals

Self-Moving Equipment Rentals is U-Haul’s core revenue engine and the largest determinant of near-term earnings variability. Seasonal demand patterns and fleet utilization rates are central to margin outcomes, as revenue per transaction and mileage recovery can fluctuate around holidays and winter weather. Fleet refresh and maintenance investment can weigh on EBIT in the quarter, but supports competitiveness and reliability, which in turn protects pricing power. Given last quarter’s 32.72% gross margin and a forecast EBIT decline to USD 69.11 million, investors should be prepared for potential compression tied to operating costs, including insurance, repairs, and staffing, offset by network density advantages across urban and suburban corridors.

Self-Storage

Self-Storage carries a favorable long-run buildout thesis with attractive unit economics and recurring revenue, though near-term seasonality can temper sequential growth. U-Haul’s portfolio expansion and leased-up rates are likely to dictate revenue momentum, with price optimization strategies improving average monthly rental rates even when occupancy is stable. Last quarter’s USD 246.30 million revenue base sets a meaningful runway for contributions, but earnings sensitivity remains lower relative to truck rental. For this quarter, storage expansion and promotional dynamics could lift revenue modestly in year-over-year terms even as consolidation costs and operating expenses pressure EBIT.

Key Stock Price Drivers This Quarter

The stock’s near-term reaction will hinge on the interplay between top-line growth and margin performance, especially versus the forecast EPS of USD -0.03 and EBIT of USD 69.11 million. Investors will monitor fleet utilization and pricing within Self-Moving Equipment Rentals to infer demand quality and whether the holiday/winter period created outsized cost drags. Storage growth metrics, including net unit additions, occupancy, and rent per unit, can provide a counterbalance if truck rental margins soften; any improvement in these indicators may underpin sentiment despite weaker EBIT. Finally, management commentary about capital allocation, fleet refresh cadence, and network expansion will be pivotal in shaping expectations for margins into the spring moving season.

Analyst Opinions

Recent external commentary points to a cautious stance among institutions ahead of the print, with emphasis on margin risks and earnings variability into winter. The majority view tilts bearish: expectations center on modest revenue growth with pressured EBIT and an adjusted EPS near breakeven or slightly negative, aligning with the forecast EPS of USD -0.03 and EBIT of USD 69.11 million. Analysts caution that higher maintenance, insurance, and operating costs could constrain profitability despite stable demand, while Self-Storage’s recurring base helps only partially offset. The primary debate revolves around the timing of margin recovery and whether spring seasonality will normalize utilization enough to reverse the forecast declines; until visibility improves, institutions remain guarded on near-term earnings trajectory.