CubeSmart expected to post earnings of 33  cents a share - Earnings Preview

CubeSmart

26/04/2023 03:02

* CubeSmart  CUBE.N   CUBE.K  is expected to show a rise in
quarterly revenue when it reports  results on April 27. 
    * The Malvern Pennsylvania-based  company is expected to
report  a
9.5% increase in revenue to $261.134 million from $238.57
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for CubeSmart is for
earnings
of 33 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for CubeSmart
is
$52​, above​ its last closing price of $45.48. ​​​

The company's guidance on February 23 2023 for the period ended
March 31 was for Funds Flow from Operations between USD0.63 and
USD0.65.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.66        0.66       0.67      Beat    2
 Sep. 30 2022  0.65        0.65       0.65      Met     0.6
 Jun. 30 2022  0.59        0.59       0.61      Beat    2.8​
 Mar. 31 2022  0.58        0.58       0.58      Met     0.8
 ​​Dec.        0.56        0.56       0.58      Beat    3.8
 31 2021                                                
 Sep. 30 2021  0.53        0.53       0.56      Beat    6.2​
 Jun. 30 2021  0.48        0.47       0.50      Beat    5.4
 Mar. 31 2021  0.46        0.45       0.47      Beat    3.9
 This summary was machine generated April 26 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated