CubeSmart expected to post earnings of 42 cents a share - Earnings Preview
30/07/2024 21:35
* CubeSmart CUBE.N CUBE.K is expected to show a rise in
quarterly revenue when it reports results on August 1 for the
period ending June 30 2024
* The Malvern Pennsylvania-based company is expected to
report a
12.9% increase in revenue to $254.944 million from $225.91
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data. (SAL represents Total Revenue)
* 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 3 "strong buy" or "buy," 11
"hold" and 1 "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
$48.00, below its last closing price of $48.21.
The company's guidance on April 25 2024 for the period ended
June 30 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
Mar. 31 2024 0.65 0.65 0.64 Missed -1
Dec. 31 2024 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. 0.65 0.65 0.65 Met 0.5
31 2023
Jan. 1 0001 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
This summary was machine generated July 30 at 20:35 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)