Skip to main content

Market Overview

CubeSmart Earnings Preview

Share:

On Thursday, CubeSmart (NYSE: 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.

 

Related Articles (CUBE)

View Comments and Join the Discussion!

Posted-In: Earnings News Previews Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com