CubeSmart expected to post earnings of 45 cents a share - Earnings Preview
29/10/2024 20:59
* CubeSmart CUBE.N CUBE.K is expected to show a rise in
quarterly revenue when it reports results on October 31 for the
period ending September 30 2024
* The Malvern Pennsylvania-based company is expected to
report a
14.1% increase in revenue to $265.272 million from $232.47
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data. (SAL represents Total Revenue)
* 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 4 "strong buy" or "buy," 12
"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
$53.00, above its last closing price of $48.01.
The company's guidance on August 1 2024 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 LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Jan. 1 0001 0.65 0.64 0.64 Met -0.6
Mar. 31 0001 0.65 0.68 0.64 Missed -1
Jan. 1 0001 0.68 0.68 0.70 Beat 3
Sep. 30 2023 0.67 0.67 0.68 Beat 1.6
Jun. 0.66 0.66 0.66 Met -0.4
30 2023
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
This summary was machine generated October 29 at 20:59 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)