CubeSmart expected to post earnings of 45 cents a share - Earnings Preview
27/02/2024 21:57
* CubeSmart CUBE.N CUBE.K is expected to show a fall in
quarterly revenue when it reports results on February 29 for
the period ending December 31 2023
* The Malvern Pennsylvania-based company is expected to
report a
6.3% decrease in revenue to $244.665 million from $260.99
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data. (SAL is on Rental Revenue basis)
* LSEG'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 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, above its last closing price of $43.05.
The company's guidance on November 2 2023 for the period ended
December 31 was for Funds Flow from Operations between USD0.67
and USD0.69.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
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. 31 2022 0.66 0.66 0.67 Beat 2
Sep. 0.65 0.65 0.65 Met 0.6
30 2022
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. 31 2021 0.56 0.56 0.58 Beat 3.8
This summary was machine generated February 27 at 21:57 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)