CubeSmart expected to post earnings of 42 cents a share - Earnings Preview
24/04/2024 24:12
* CubeSmart CUBE.N CUBE.K is expected to show a fall in
quarterly revenue when it reports results on April 25 for the
period ending March 31 2024
* The Malvern Pennsylvania-based company is expected to
report a
5.5% decrease in revenue to $242.356 million from $256.53
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
* LSEG's mean analyst estimate for CubeSmart is for
earnings of
42 cents per share.
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 10
"hold" and 1 "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
$47.00, above its last closing price of $41.80.
The company's guidance on February 29 2024 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 LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 0.68 0.68 0.70 Beat 3
Sep. 30 2023 0.67 0.67 0.68 Beat 1.6
Jun. 30 2023 0.66 0.66 0.66 Met -0.4
Mar. 31 2023 0.65 0.65 0.65 Met 0.5
Dec. 0.66 0.66 0.67 Beat 2
31 2022
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
This summary was machine generated April 23 at 23:12 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)