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

CubeSmart

27/10/2022 23:26

* CubeSmart  CUBE.N  reported quarterly adjusted earnings of
50
cents​​ per share for the quarter ended in September. The mean
expectation of six analysts for the quarter was for earnings of
28 cents per share.
    * Revenue rose 23% to $261.41 million from a year ago;
analysts
expected $257.33 million. 
    * CubeSmart's reported EPS for the quarter was 50 cents​.
    * The mean earnings estimate of analysts had risen by
about 4.7%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * CubeSmart shares had fallen by 2.2% this quarter and
lost 31.2%
so far this year.
    * The company reported quarterly net income of $112.89
million.
    * Wall Street's median 12-month price target for CubeSmart
is
$50.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
27 at 10:26 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.65           0.65           Met
 Jun. 30 2022      0.59           0.61           Beat
 Mar. 31 2022      0.58           0.58           Met
 Dec. 31 2021      0.56           0.58           Beat