On Thursday, CubeSmart CUBE will release its latest earnings report. Here is Benzinga's outlook.
Earnings and Revenue
Wall Street expects EPS of 20 cents per share and sales around $143 million.
In the same quarter last year, CubeSmart reported earnings per share of 38 cents per share on sales of $132.54 million. If the company were to post earnings inline with the consensus estimate when it reports Thursday, EPS would be down 47.37 percent. Sales would be up 7.89 percent from the year-ago period.
CubeSmart's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 |
| EPS Estimate | 0.2 | 0.17 | 0.13 | 0.13 |
| EPS Actual | 0.42 | 0.39 | 0.36 | 0.38 |
Stock Performance
Over the last 52-week period, shares are up 1.85 percent. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The average rating by analysts on CubeSmart stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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