CubeSmart reports results for the quarter ended in December - Earnings Summary

CubeSmart

23/02/2023 23:39

* CubeSmart  CUBE.N  reported quarterly adjusted earnings of
36
cents​​ per share for the quarter ended in December. The mean
expectation of five analysts for the quarter was for earnings of
30 cents per share.
    * Revenue rose 17.6% to $260.99 million from a year ago;
analysts
expected $260.49 million. 
    * CubeSmart's reported EPS for the quarter was 36 cents​.
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * CubeSmart shares had risen by 8.7% this quarter.
    * The company reported quarterly net income of $81.86
million.
    * Wall Street's median 12-month price target for CubeSmart
is
$47.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
23 at 11:38 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.66           0.67           Beat
 Sep. 30 2022      0.65           0.65           Met
 Jun. 30 2022      0.59           0.61           Beat
 Mar. 31 2022      0.58           0.58           Met