CubeSmart expected to post earnings of 45  cents a share - Earnings Preview

CubeSmart

01/11/2023 24:05

* CubeSmart  CUBE.N   CUBE.K  is expected to show a fall in
quarterly revenue when it reports  results on November 2. 
    * The Malvern Pennsylvania-based  company is expected to
report  a
9.9% decrease in revenue to $235.5 million from $261.41 million
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data. 
    * ​Refinitiv's mean analyst estimate for CubeSmart is for
earnings
of 45 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 9
"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
$45​, above​ its last closing price of $34.09. ​​​

The company's guidance on August 3 2023 for the period ended
September 30 was for Funds Flow from Operations between USD0.66
and USD0.68.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  0.66        0.66       0.67      Beat    2​
 Sep. 30 2022  0.65        0.65       0.65      Met     0.6
 ​​Jun.        0.59        0.59       0.61      Beat    2.8
 30 2022                                                
 Mar. 31 2022  0.58        0.58       0.58      Met     0.8​
 Dec. 31 2021  0.56        0.56       0.58      Beat    3.8
 Sep. 30 2021  0.53        0.53       0.56      Beat    6.2
 This summary was machine generated November 1 at 00:04 GMT.  All
figures in US dollars  unless otherwise stated