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

CubeSmart

04/08/2023 14:11

* CubeSmart  CUBE.N  reported quarterly adjusted earnings of
43
cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for earnings
of 42 cents per share.
    * Revenue fell 9.2% to $225.91 million from a year ago;
analysts
expected $234.48 million. 
    * CubeSmart's reported EPS for the quarter was 43 cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * CubeSmart shares had fallen by 3.6% this quarter and
gained 6.9%
so far this year.
    * The company reported quarterly net income of $97.88
million.
    * Wall Street's median 12-month price target for CubeSmart
is
$50.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 4 at 01:11 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.66           0.66           Met
 Mar. 31 2023      0.65           0.65           Met
 Dec. 31 2022      0.66           0.67           Beat
 Sep. 30 2022      0.65           0.65           Met