CubeSmart expected to post earnings of 42  cents a share - Earnings Preview

CubeSmart

02/08/2023 03:08

* CubeSmart  CUBE.N   CUBE.K  is expected to show a fall in
quarterly revenue when it reports  results on August 3. 
    * The Malvern Pennsylvania-based  company is expected to
report  a
5.7% decrease in revenue to $234.478 million from $248.66
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for CubeSmart is for
earnings
of 42 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for CubeSmart
is
$50​, above​ its last closing price of $42.72. ​​​

The company's guidance on April 27 2023 for the period ended
June 30 was for Funds Flow from Operations between USD0.65 and
USD0.67.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.65        0.65       0.65      Met     0.7
 Dec. 31 2023  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.        0.58        0.58       0.58      Met     0.8
 31 2022                                                
 Dec. 31 2021  0.56        0.56       0.58      Beat    3.8​
 Sep. 30 2021  0.53        0.53       0.56      Beat    6.2
 Jun. 30 2021  0.48        0.47       0.50      Beat    5.4
 This summary was machine generated August 2 at 02:08 GMT.  All
figures in US dollars  unless otherwise stated